Looking to balance out your exposure to DLTR? The ETFs below have historically moved differently from DLTR, 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 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) (Artificial Intelligence) with a 1Y correlation of 0.09, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Artificial Intelligence & Technology ETF | 0.09 | 0.14 | 0.21 | 51 | Artificial Intelligence, Technology Equities | DLTR vs AIQ | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.23 | 0.31 | 72 | S&P 500 | DLTR vs SPY | |
| Vanguard S&P 500 ETF | 0.20 | 0.23 | 0.31 | 72 | S&P 500 | DLTR vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.35 | 0.40 | 95 | Dividend | DLTR vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DLTR, 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 Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | -0.05 | 0.06 | 0.15 | 97 | Technology | |
| Diamondback Energy, Inc. | -0.04 | 0.06 | 0.15 | 73 | Energy | |
| Datadog, Inc. | -0.03 | 0.09 | 0.16 | 84 | Technology | |
| Intel Corporation | -0.01 | 0.10 | 0.16 | 98 | Technology | |
| Archer-Daniels-Midland Company | -0.01 | 0.11 | 0.17 | 89 | Consumer Defensive |
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