Looking to diversify beyond DJP? The ETFs below have the lowest correlation with DJP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DJP.
Best Diversifiers for DJP
1980 ETFs have low correlation with DJP (below 0.3), 1431 of which are negatively correlated. The least correlated is iShares Yield Optimized Bond ETF (BYLD) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.28, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Yield Optimized Bond ETF | -0.28 | -0.03 | 0.02 | 53 | Intermediate Core-Plus Bond | DJP vs BYLD | |
| Avantis Credit ETF | -0.28 | — | — | 54 | Global Bonds | DJP vs AVGB | |
| Fidelity Municipal Bond Opportunities ETF | -0.27 | -0.19 | -0.19 | 85 | Municipal Bonds | DJP vs FMUB | |
| Invesco Emerging Markets Sovereign Debt ETF | -0.26 | 0.02 | 0.07 | 58 | Emerging Markets Bonds | DJP vs PCY | |
| Avantis Short-Term Fixed Income ETF | -0.26 | -0.06 | -0.01 | 67 | Short-Term Bond | DJP vs AVSF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DJP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DJP and solid risk/return profiles. The least correlated is BHP Group Limited (BHP) (Basic Materials) with a 1Y correlation of 0.17, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BHP Group Limited | 0.17 | 0.32 | 0.40 | 88 | Basic Materials | |
| Wheaton Precious Metals Corp. | 0.20 | 0.31 | 0.32 | 58 | Basic Materials | |
| Hess Midstream LP | 0.24 | 0.29 | 0.36 | 56 | Energy |
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