Looking to diversify beyond DJD? The ETFs below have historically moved differently from DJD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DJD
726 ETFs have low correlation with DJD (below 0.3), 59 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.24 | -0.09 | 0.09 | 87 | Oil & Gas | DJD vs UGA | |
| Invesco DB Oil Fund | -0.24 | -0.08 | 0.09 | 58 | Oil & Gas | DJD vs DBO | |
| Invesco DB Energy Fund | -0.24 | -0.09 | 0.10 | 72 | Oil & Gas | DJD vs DBE | |
| United States Oil Fund LP | -0.23 | -0.08 | 0.09 | 55 | Oil & Gas | DJD vs USO | |
| ProShares UltraShort Yen | -0.23 | -0.12 | -0.07 | 56 | Leveraged Currency | DJD vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DJD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Marvell Technology, Inc. (MRVL) (Technology) with a 1Y correlation of 0.06, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | 0.06 | 0.18 | 0.32 | 87 | Technology | |
| Exxon Mobil Corporation | 0.07 | 0.26 | 0.38 | 84 | Energy | |
| Verizon Communications Inc. | 0.42 | 0.46 | 0.49 | 66 | Communication Services |
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