Looking to balance out your exposure to DOCN? The ETFs below have the lowest correlation with DOCN — they tend to move on their own, which can help reduce risk when DOCN drops. The stock ideas table highlights individual companies that behave independently from DOCN.
Best Diversifiers for DOCN
1 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 0.14, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.29 | 0.33 | 85 | Dividend | DOCN vs SCHD | |
| State Street SPDR Dow Jones Industrial Average ETF... | 0.31 | 0.43 | 0.44 | 56 | Large Cap Blend Equities | DOCN vs DIA | |
| Capital Group Dividend Value ETF | 0.36 | 0.48 | — | 80 | Large Cap Value Equities, Dividend | DOCN vs CGDV | |
| ARK Autonomous Technology & Robotics ETF | 0.43 | 0.53 | 0.61 | 65 | Robotics, Technology Equities, Actively Managed | DOCN vs ARKQ | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.52 | 0.55 | 74 | S&P 500 | DOCN vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOCN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOCN and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.13, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.13 | -0.06 | -0.02 | 94 | Healthcare | |
| Exxon Mobil Corporation | -0.04 | 0.03 | 0.08 | 86 | Energy | |
| Eli Lilly and Company | 0.07 | 0.16 | 0.14 | 75 | Healthcare | |
| Hycroft Mining Holding Corporation | 0.08 | 0.12 | 0.17 | 97 | Basic Materials | |
| World Kinect Corporation | 0.12 | 0.23 | 0.24 | 52 | Energy |
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Build a portfolio that complements DOCN
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