Looking to balance out your exposure to DLTR? The ETFs below have the lowest correlation with DLTR — they tend to move on their own, which can help reduce risk when DLTR drops. The stock ideas table highlights individual companies that behave independently from DLTR.
Best Diversifiers for DLTR
3 ETFs have low correlation with DLTR (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Artificial Intelligence & Technology ETF (AIQ) (Technology Equities) with a 1Y correlation of 0.10, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence & Technology ETF | 0.10 | 0.17 | 0.22 | 81 | Technology Equities | DLTR vs AIQ | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.25 | 0.32 | 70 | S&P 500 | DLTR vs SPY | |
| Vanguard S&P 500 ETF | 0.22 | 0.25 | 0.32 | 70 | S&P 500 | DLTR vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.34 | 0.39 | 80 | Dividend | DLTR vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DLTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DLTR and solid risk/return profiles. The least correlated is Datadog, Inc. (DDOG) (Technology) with a 1Y correlation of -0.09, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Datadog, Inc. | -0.09 | 0.07 | 0.14 | 81 | Technology | |
| Archer-Daniels-Midland Company | 0.01 | 0.13 | 0.18 | 94 | Consumer Defensive | |
| Dell Technologies Inc. | 0.02 | 0.11 | 0.19 | 96 | Technology | |
| Diamondback Energy, Inc. | 0.02 | 0.09 | 0.17 | 82 | Energy | |
| Amazon.com, Inc | 0.03 | 0.11 | 0.18 | 60 | Consumer Cyclical |
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