Looking to balance out your exposure to DOGZ? The ETFs below have the lowest correlation with DOGZ — they tend to move on their own, which can help reduce risk when DOGZ drops. The stock ideas table highlights individual companies that behave independently from DOGZ.
Best Diversifiers for DOGZ
1 ETFs have low correlation with DOGZ (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.17 | 0.09 | 0.09 | 60 | S&P 500 | DOGZ vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOGZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOGZ and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of 0.07, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.07 | 0.07 | 0.05 | 58 | Communication Services | |
| Alliance Entertainment Holding Corporation Class A... | 0.07 | 0.01 | 0.01 | 69 | Communication Services | |
| AST SpaceMobile, Inc. | 0.14 | 0.05 | 0.06 | 56 | Technology | |
| Dave Inc. | 0.19 | 0.09 | 0.09 | 61 | Technology | |
| Red Cat Holdings, Inc. | 0.19 | 0.10 | 0.08 | 57 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DOGZ
Add DOGZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DOGZ