Looking to balance out your exposure to DLB? The ETFs below have the lowest correlation with DLB — they tend to move on their own, which can help reduce risk when DLB drops. The stock ideas table highlights individual companies that behave independently from DLB.
Best Diversifiers for DLB
0 ETFs have low correlation with DLB (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.37, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.37 | 0.44 | 0.55 | 64 | Nasdaq-100 | DLB vs QQQ | |
| iShares Core S&P 500 ETF | 0.39 | 0.49 | 0.59 | 67 | S&P 500 | DLB vs IVV | |
| Vanguard S&P 500 ETF | 0.39 | 0.49 | 0.59 | 68 | S&P 500 | DLB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.49 | 0.59 | 67 | S&P 500 | DLB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DLB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DLB and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.07 | 0.04 | 0.12 | 56 | Energy | |
| HCA Healthcare, Inc. | -0.02 | 0.17 | 0.29 | 52 | Healthcare | |
| EOG Resources, Inc. | -0.02 | 0.11 | 0.15 | 60 | Energy | |
| United Therapeutics Corporation | 0.02 | 0.11 | 0.14 | 94 | Healthcare | |
| The Hershey Company | 0.04 | 0.12 | 0.13 | 53 | Consumer Defensive |
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