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
9 ETFs have low correlation with DOCU (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco International BuyBack Achievers™ ETF (IPKW) (Global Equities) with a 1Y correlation of 0.09, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco International BuyBack Achievers™ ETF | 0.09 | 0.21 | 0.31 | 57 | Global Equities | DOCU vs IPKW | |
| Vanguard International High Dividend Yield ETF | 0.09 | 0.23 | 0.30 | 70 | Dividend, Foreign Large Cap Equities | DOCU vs VYMI | |
| Invesco S&P 500 Momentum ETF | 0.10 | 0.32 | 0.40 | 75 | Momentum, S&P 500 | DOCU vs SPMO | |
| JPMorgan Equity Focus ETF | 0.23 | — | — | 53 | Large Cap Blend Equities | DOCU vs JPEF | |
| Vanguard S&P 500 ETF | 0.26 | 0.41 | 0.53 | 74 | S&P 500 | DOCU vs VOO |
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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 -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powell Industries, Inc. | -0.14 | 0.15 | 0.18 | 98 | Industrials | |
| The Southern Company | -0.12 | -0.07 | -0.01 | 52 | Utilities | |
| CVS Health Corporation | -0.09 | 0.02 | 0.06 | 83 | Healthcare | |
| GE Vernova Inc. | -0.09 | — | — | 88 | Utilities | |
| Argan, Inc. | -0.06 | 0.14 | 0.17 | 94 | Industrials |
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Build a portfolio that complements DOCU
Add DOCU to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DOCU