Looking to diversify beyond DOG? The ETFs below have historically moved differently from DOG, 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 DOG
2296 ETFs have low correlation with DOG (below 0.3), 2210 of which are negatively correlated. The least correlated is ProShares UltraPro Dow30 (UDOW) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro Dow30 | -1.00 | -1.00 | -1.00 | 67 | Leveraged Equities | DOG vs UDOW | |
| ProShares Ultra Dow30 | -1.00 | -1.00 | -1.00 | 68 | Leveraged Equities | DOG vs DDM | |
| State Street SPDR Dow Jones Industrial Average ETF... | -1.00 | -1.00 | -1.00 | 78 | Large Cap Blend Equities | DOG vs DIA | |
| Global X Dow 30 Covered Call & Growth ETF | -0.97 | -0.98 | — | 83 | Derivative Income | DOG vs DYLG | |
| Brookstone Opportunities ETF | -0.90 | — | — | 75 | Diversified Portfolio | DOG vs BAMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DOG, 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 HEICO Corporation (HEI) (Industrials) with a 1Y correlation of -0.48, roughly unchanged from -0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HEICO Corporation | -0.48 | -0.48 | -0.55 | 54 | Industrials | |
| Berkshire Hathaway Inc. | -0.27 | -0.49 | -0.62 | 61 | Financial Services | |
| New Oriental Education & Technology Group Inc. | -0.21 | -0.21 | -0.22 | 71 | Consumer Defensive | |
| Eli Lilly and Company | -0.20 | -0.27 | -0.32 | 79 | Healthcare |
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