Looking to balance out your exposure to DOCN? The ETFs below have historically moved differently from DOCN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DOCN
2 ETFs have low correlation with DOCN (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.02, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.02 | 0.25 | 0.32 | 95 | Dividend | DOCN vs SCHD | |
| State Street SPDR Dow Jones Industrial Average ETF... | 0.25 | 0.42 | 0.44 | 70 | Large Cap Blend Equities | DOCN vs DIA | |
| Capital Group Dividend Value ETF | 0.34 | 0.47 | — | 80 | Large Cap Value Equities, Dividend | DOCN vs CGDV | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.51 | 0.55 | 67 | S&P 500 | DOCN vs SPY | |
| Vanguard S&P 500 ETF | 0.43 | 0.52 | 0.55 | 68 | S&P 500 | DOCN vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DOCN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.16, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.16 | -0.07 | -0.03 | 97 | Healthcare | |
| Berkshire Hathaway Inc. | -0.13 | 0.10 | 0.17 | 61 | Financial Services | |
| Exxon Mobil Corporation | -0.02 | 0.04 | 0.08 | 84 | Energy | |
| Endesa SA ADR | -0.01 | 0.01 | 0.04 | 97 | Utilities | |
| Occidental Petroleum Corporation | 0.02 | 0.08 | 0.13 | 70 | Energy |
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