Looking to balance out your exposure to DJCO? The ETFs below have the lowest correlation with DJCO — they tend to move on their own, which can help reduce risk when DJCO drops. The stock ideas table highlights individual companies that behave independently from DJCO.
Best Diversifiers for DJCO
11 ETFs have low correlation with DJCO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.04 | 0.15 | 0.17 | 63 | Energy Equities | DJCO vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.09 | -0.02 | 0.03 | 100 | Government Bonds, Ultrashort Bond | DJCO vs BIL | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.09 | 0.14 | 0.14 | 55 | Silver, Precious Metals | DJCO vs SLVP | |
| Schwab International Dividend Equity ETF | 0.16 | 0.19 | 0.23 | 51 | Dividend, Foreign Large Cap Equities | DJCO vs SCHY | |
| iShares MSCI Global Select Metals & Mining Produce... | 0.17 | 0.23 | 0.24 | 84 | Materials | DJCO vs PICK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DJCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DJCO and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.03, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.03 | 0.04 | 0.05 | 62 | Healthcare | |
| Eli Lilly and Company | -0.01 | 0.07 | 0.08 | 72 | Healthcare | |
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.06 | 0.06 | 86 | Energy | |
| Linde plc | 0.04 | 0.20 | 0.22 | 52 | Basic Materials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.12 | 0.21 | 0.24 | 95 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DJCO
Add DJCO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DJCO