Looking to balance out your exposure to DLB? The ETFs below have historically moved differently from DLB, 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 DLB
0 ETFs have low correlation with DLB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.35, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.35 | 0.47 | 0.58 | 68 | S&P 500 | DLB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.47 | 0.58 | 67 | S&P 500 | DLB vs SPY | |
| iShares Core S&P 500 ETF | 0.37 | 0.48 | 0.58 | 67 | S&P 500 | DLB vs IVV | |
| iShares Core S&P Mid-Cap ETF | 0.42 | 0.53 | 0.61 | 62 | Mid Cap Blend Equities | DLB vs IJH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DLB, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.08, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.08 | 0.03 | 0.12 | 57 | Energy | |
| EOG Resources, Inc. | -0.04 | 0.09 | 0.14 | 72 | Energy | |
| United Therapeutics Corporation | -0.01 | 0.10 | 0.14 | 95 | Healthcare | |
| NextEra Energy, Inc. | 0.00 | 0.10 | 0.20 | 77 | Utilities | |
| HCA Healthcare, Inc. | 0.05 | 0.19 | 0.30 | 57 | Healthcare |
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