Looking to balance out your exposure to DNNGY? The ETFs below have the lowest correlation with DNNGY — they tend to move on their own, which can help reduce risk when DNNGY drops. The stock ideas table highlights individual companies that behave independently from DNNGY.
Best Diversifiers for DNNGY
4 ETFs have low correlation with DNNGY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro S&P 500 (UPRO) (Leveraged Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro S&P 500 | 0.26 | 0.26 | 0.28 | 62 | Leveraged Equities, S&P 500 | DNNGY vs UPRO | |
| Vanguard S&P 500 ETF | 0.27 | 0.26 | 0.28 | 70 | S&P 500 | DNNGY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.26 | 0.28 | 70 | S&P 500 | DNNGY vs SPY | |
| iShares MSCI Emerging Markets ETF | 0.30 | 0.33 | 0.31 | 81 | Emerging Markets Diversified | DNNGY vs EEM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DNNGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DNNGY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.03 | 0.08 | 0.13 | 66 | Consumer Defensive | |
| Walmart Inc. | 0.02 | 0.01 | 0.06 | 63 | Consumer Defensive | |
| Apple Inc | 0.09 | 0.19 | 0.21 | 89 | Technology | |
| NVIDIA Corporation | 0.10 | 0.13 | 0.18 | 78 | Technology | |
| Asahi Kaisei Corp | 0.10 | 0.18 | 0.19 | 83 | Basic Materials |
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