Looking to balance out your exposure to DOCU? The ETFs below have the lowest correlation with DOCU — they tend to move on their own, which can help reduce risk when DOCU drops. The stock ideas table highlights individual companies that behave independently from DOCU.
Best Diversifiers for DOCU
11 ETFs have low correlation with DOCU (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.03, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.03 | 0.29 | 0.38 | 65 | Momentum, S&P 500 | DOCU vs SPMO | |
| Barclays ETN+ Select MLP ETN | 0.03 | 0.16 | 0.20 | 60 | MLPs | DOCU vs ATMP | |
| Vanguard International High Dividend Yield ETF | 0.06 | 0.21 | 0.31 | 82 | Dividend, Foreign Large Cap Equities | DOCU vs VYMI | |
| Invesco International BuyBack Achievers™ ETF | 0.06 | 0.20 | 0.31 | 61 | Global Equities | DOCU vs IPKW | |
| JPMorgan Ultra-Short Income ETF | 0.13 | 0.11 | 0.13 | 99 | Ultrashort Bond | DOCU vs JPST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOCU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOCU and solid risk/return profiles. The least correlated is Powell Industries, Inc. (POWL) (Industrials) with a 1Y correlation of -0.18, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powell Industries, Inc. | -0.18 | 0.13 | 0.18 | 97 | Industrials | |
| NextEra Energy, Inc. | -0.15 | -0.01 | 0.12 | 73 | Utilities | |
| The Southern Company | -0.14 | -0.07 | -0.01 | 58 | Utilities | |
| CVS Health Corporation | -0.13 | 0.01 | 0.06 | 92 | Healthcare | |
| GSK plc | -0.12 | -0.02 | 0.04 | 81 | Healthcare |
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Build a portfolio that complements DOCU
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