Looking to diversify beyond DOG? The ETFs below have the lowest correlation with DOG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DOG.
Best Diversifiers for DOG
2182 ETFs have low correlation with DOG (below 0.3), 2108 of which are negatively correlated. The least correlated is State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Large Cap Blend Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Dow Jones Industrial Average ETF... | -1.00 | -1.00 | -1.00 | 54 | Large Cap Blend Equities | DOG vs DIA | |
| Global X Dow 30 Covered Call & Growth ETF | -0.98 | — | — | 57 | Derivative Income | DOG vs DYLG | |
| First Trust Dow 30 Equal Weight ETF | -0.94 | -0.94 | -0.96 | 54 | Large Cap Blend Equities | DOG vs EDOW | |
| Brookstone Opportunities ETF | -0.91 | — | — | 69 | Diversified Portfolio | DOG vs BAMO | |
| PIMCO RAFI ESG U.S. ETF | -0.91 | -0.89 | -0.92 | 85 | Large Cap Blend Equities | DOG vs RAFE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOG and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.22, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.22 | -0.28 | -0.32 | 72 | Healthcare |
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