Looking to balance out your exposure to DLO? The ETFs below have the lowest correlation with DLO — they tend to move on their own, which can help reduce risk when DLO drops. The stock ideas table highlights individual companies that behave independently from DLO.
Best Diversifiers for DLO
0 ETFs have low correlation with DLO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.40 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.45 | 0.40 | — | 76 | Technology Equities | DLO vs VGT | |
| Vanguard S&P 500 ETF | 0.49 | 0.44 | — | 70 | S&P 500 | DLO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.43 | — | 70 | S&P 500 | DLO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DLO and solid risk/return profiles. The least correlated is Neurocrine Biosciences, Inc. (NBIX) (Healthcare) with a 1Y correlation of 0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Neurocrine Biosciences, Inc. | 0.06 | 0.17 | 0.21 | 68 | Healthcare | |
| Elbit Systems Ltd | 0.08 | 0.12 | — | 88 | Industrials | |
| Innovex International, Inc | 0.11 | 0.20 | 0.16 | 86 | Energy | |
| Osisko Gold Royalties Ltd | 0.13 | 0.10 | 0.13 | 61 | Basic Materials | |
| Agnico Eagle Mines Limited | 0.14 | 0.11 | 0.11 | 66 | Basic Materials |
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