Looking to balance out your exposure to DNUT? The ETFs below have the lowest correlation with DNUT — they tend to move on their own, which can help reduce risk when DNUT drops. The stock ideas table highlights individual companies that behave independently from DNUT.
Best Diversifiers for DNUT
2 ETFs have low correlation with DNUT (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.21 | 0.20 | — | 71 | Leveraged Equities | DNUT vs TQQQ | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.27 | — | 74 | S&P 500 | DNUT vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.34 | — | 85 | Dividend | DNUT vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DNUT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DNUT and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.06, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.06 | 0.04 | — | 51 | Industrials | |
| Nebius Group N.V. | 0.04 | — | — | 97 | Communication Services | |
| Opendoor Technologies Inc. | 0.19 | 0.22 | — | 96 | Real Estate |
Build a portfolio that complements DNUT
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