Looking to balance out your exposure to DLR? The ETFs below have historically moved differently from DLR, 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 DLR
77 ETFs have low correlation with DLR (below 0.3), 11 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | 0.02 | 0.00 | 100 | Ultrashort Bond | DLR vs SGOV | |
| United States Oil Fund LP | -0.11 | -0.06 | -0.02 | 55 | Oil & Gas | DLR vs USO | |
| KFA Mount Lucas Index Strategy ETF | -0.09 | -0.07 | -0.18 | 61 | Systematic Trend | DLR vs KMLM | |
| F/m US Treasury 3 Month Bill ETF | -0.08 | 0.01 | — | 100 | Ultrashort Bond | DLR vs TBIL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | DLR vs BIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DLR, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.09, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.09 | 0.02 | 0.07 | 76 | Energy | |
| Monster Beverage Corporation | -0.08 | 0.07 | 0.19 | 94 | Consumer Defensive | |
| The Coca-Cola Company | -0.06 | 0.08 | 0.22 | 90 | Consumer Defensive | |
| Valero Energy Corporation | -0.06 | 0.04 | 0.05 | 98 | Energy | |
| Cencora Inc. | -0.06 | 0.03 | 0.12 | 53 | Healthcare |
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