Looking to diversify beyond DOL? The ETFs below have the lowest correlation with DOL — 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 DOL.
Best Diversifiers for DOL
228 ETFs have low correlation with DOL (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.31 | -0.24 | 61 | Leveraged Currency | DOL vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | DOL vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | DOL vs IBIC | |
| TCW AAA CLO ETF | -0.16 | -0.09 | -0.09 | 99 | CLO | DOL vs ACLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.05 | -0.02 | 100 | Ultrashort Bond | DOL vs SGOV |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOL and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.03 | 0.11 | 0.19 | 70 | Consumer Cyclical | |
| Emera Inc | 0.03 | — | — | 84 | Utilities | |
| Eli Lilly and Company | 0.21 | 0.22 | 0.24 | 75 | Healthcare | |
| Casey's General Stores, Inc. | 0.21 | 0.28 | 0.32 | 92 | Consumer Defensive | |
| Meta Financial Group, Inc. | 0.34 | 0.38 | 0.45 | 54 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DOL
Add DOL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DOL