Looking to balance out your exposure to DNA? The ETFs below have the lowest correlation with DNA — they tend to move on their own, which can help reduce risk when DNA drops. The stock ideas table highlights individual companies that behave independently from DNA.
Best Diversifiers for DNA
0 ETFs have low correlation with DNA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.42, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.42 | 0.44 | 0.46 | 74 | S&P 500 | DNA vs SPY | |
| Vanguard S&P 500 ETF | 0.43 | 0.43 | 0.46 | 74 | S&P 500 | DNA vs VOO | |
| Vanguard Total Stock Market ETF | 0.46 | 0.48 | 0.49 | 73 | Large Cap Blend Equities | DNA vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DNA and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of 0.14, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | 0.14 | 0.20 | 0.29 | 69 | Technology | |
| NVIDIA Corporation | 0.20 | 0.23 | 0.32 | 80 | Technology | |
| Ardelyx, Inc. | 0.24 | 0.26 | 0.29 | 67 | Healthcare | |
| Tesla, Inc. | 0.26 | 0.32 | 0.37 | 58 | Consumer Cyclical | |
| Vir Biotechnology, Inc. | 0.35 | 0.38 | 0.38 | 75 | Healthcare |
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