Looking to balance out your exposure to DNN? The ETFs below have the lowest correlation with DNN — they tend to move on their own, which can help reduce risk when DNN drops. The stock ideas table highlights individual companies that behave independently from DNN.
Best Diversifiers for DNN
6 ETFs have low correlation with DNN (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.07 | -0.04 | 100 | Ultrashort Bond | DNN vs SGOV | |
| iShares S&P GSCI Commodity-Indexed Trust | 0.01 | 0.17 | 0.25 | 71 | Commodities | DNN vs GSG | |
| Schwab U.S. Dividend Equity ETF | 0.05 | 0.11 | 0.26 | 80 | Dividend | DNN vs SCHD | |
| iShares Nasdaq Biotechnology ETF | 0.22 | 0.20 | 0.30 | 56 | Health & Biotech Equities | DNN vs IBB | |
| Vanguard High Dividend Yield ETF | 0.25 | 0.24 | 0.34 | 77 | Dividend | DNN vs VYM |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DNN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DNN and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.11, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.11 | -0.04 | 0.05 | 59 | Communication Services | |
| Equinor ASA | -0.10 | 0.13 | 0.26 | 82 | Energy | |
| Ameren Corporation | -0.04 | -0.01 | 0.03 | 64 | Utilities | |
| Lantheus Holdings, Inc. | 0.02 | 0.09 | 0.22 | 57 | Healthcare | |
| Apple Inc | 0.10 | 0.12 | 0.22 | 89 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DNN
Add DNN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DNN