Looking to balance out your exposure to DMZPY? The ETFs below have historically moved differently from DMZPY, 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 DMZPY
2 ETFs have low correlation with DMZPY (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Total Stock Market ETF (VTI) (Large Cap Blend Equities) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | -0.05 | 0.05 | 0.04 | 67 | Large Cap Blend Equities | DMZPY vs VTI | |
| Vanguard S&P 500 ETF | -0.05 | 0.05 | 0.05 | 68 | S&P 500 | DMZPY vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DMZPY, 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 Ford Motor Company (F) (Consumer Cyclical) with a 1Y correlation of -0.08, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ford Motor Company | -0.08 | 0.01 | 0.02 | 78 | Consumer Cyclical | |
| Amazon.com, Inc | -0.04 | 0.04 | 0.04 | 60 | Consumer Cyclical |
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