Looking to balance out your exposure to DOCS? The ETFs below have historically moved differently from DOCS, 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 DOCS
8 ETFs have low correlation with DOCS (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.02, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.02 | 0.24 | 0.34 | 57 | Leveraged Equities, Semiconductors | DOCS vs USD | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | 0.00 | -0.00 | 100 | Government Bonds, Ultrashort Bond | DOCS vs BIL | |
| PGIM Ultra Short Bond ETF | 0.03 | 0.05 | 0.05 | 99 | Ultrashort Bond | DOCS vs PULS | |
| iShares iBonds Dec 2027 Term Treasury ETF | 0.06 | 0.03 | 0.07 | 98 | Government Bonds | DOCS vs IBTH | |
| iShares iBonds Dec 2028 Term Corporate ETF | 0.08 | 0.11 | 0.16 | 90 | Corporate Bonds | DOCS vs IBDT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DOCS, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.03 | 0.01 | 63 | Consumer Defensive | |
| Walmart Inc. | -0.14 | 0.03 | 0.09 | 59 | Consumer Defensive | |
| Protagonist Therapeutics Inc | -0.10 | 0.15 | 0.23 | 97 | Healthcare | |
| Lumentum Holdings Inc. | -0.10 | 0.17 | 0.24 | 99 | Technology | |
| Seagate Technology plc | -0.09 | 0.14 | 0.23 | 99 | Technology |
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