Looking to balance out your exposure to DOLE? The ETFs below have the lowest correlation with DOLE — they tend to move on their own, which can help reduce risk when DOLE drops. The stock ideas table highlights individual companies that behave independently from DOLE.
Best Diversifiers for DOLE
2 ETFs have low correlation with DOLE (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.06 | — | — | 82 | Nasdaq-100, Dividend | DOLE vs GPIQ | |
| iShares MSCI World ETF | 0.20 | 0.25 | — | 67 | Global Equities | DOLE vs URTH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOLE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOLE and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.05, down from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.05 | 0.08 | — | 63 | Basic Materials | |
| Endesa SA ADR | 0.12 | 0.10 | — | 84 | Utilities | |
| Adecoagro S.A. | 0.12 | 0.19 | — | 66 | Consumer Defensive | |
| Norsk Hydro ASA ADR | 0.14 | 0.19 | 0.20 | 98 | Basic Materials | |
| Overseas Chinese Banking Corp Ltd ADR | 0.14 | 0.07 | — | 93 | Financial Services |
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