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
9 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 0.03, 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 | 0.03 | 0.15 | 0.17 | 59 | Energy Equities | DJCO vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.06 | -0.03 | 0.02 | 100 | Government Bonds, Ultrashort Bond | DJCO vs BIL | |
| Schwab International Dividend Equity ETF | 0.17 | 0.22 | 0.26 | 67 | Dividend, Foreign Large Cap Equities | DJCO vs SCHY | |
| iShares MSCI Global Metals & Mining Producers ETF | 0.18 | 0.26 | 0.26 | 58 | Metals, Natural Resources, Materials | DJCO vs PICK | |
| Vanguard Total International Stock ETF | 0.21 | 0.31 | 0.33 | 56 | Global Equities | DJCO vs VXUS |
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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 -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.04 | 0.04 | 0.05 | 81 | Healthcare | |
| Linde plc | 0.00 | 0.19 | 0.22 | 65 | Basic Materials | |
| Eli Lilly and Company | 0.02 | 0.07 | 0.09 | 79 | Healthcare | |
| Petróleo Brasileiro S.A. - Petrobras | 0.04 | 0.07 | 0.08 | 80 | Energy | |
| Berkshire Hathaway Inc. | 0.05 | 0.22 | 0.27 | 53 | Financial Services |
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Build a portfolio that complements DJCO
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