Looking to balance out your exposure to DOC? The ETFs below have the lowest correlation with DOC — they tend to move on their own, which can help reduce risk when DOC drops. The stock ideas table highlights individual companies that behave independently from DOC.
Best Diversifiers for DOC
8 ETFs have low correlation with DOC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.02 | 0.00 | 100 | Ultrashort Bond | DOC vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.04 | -0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | DOC vs BIL | |
| State Street Technology Select Sector SPDR ETF | 0.10 | 0.14 | 0.26 | 82 | Technology Equities | DOC vs XLK | |
| VanEck Semiconductor ETF | 0.13 | 0.13 | 0.22 | 96 | Semiconductors, Technology Equities | DOC vs SMH | |
| Janus Henderson AAA CLO ETF | 0.20 | 0.11 | 0.10 | 98 | CLO | DOC vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOC and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.02 | 0.01 | 0.12 | 80 | Technology | |
| Energy Transfer LP | -0.01 | 0.17 | 0.23 | 74 | Energy | |
| Vertiv Holdings Co. | 0.02 | 0.06 | 0.19 | 94 | Industrials | |
| Broadcom Inc. | 0.02 | 0.08 | 0.19 | 76 | Technology | |
| Altria Group, Inc. | 0.03 | 0.24 | 0.30 | 73 | Consumer Defensive |
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