Looking to diversify beyond DON? The ETFs below have the lowest correlation with DON — 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 DON.
Best Diversifiers for DON
348 ETFs have low correlation with DON (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.09 | -0.04 | 63 | Leveraged Currency | DON vs YCS | |
| United States Gasoline Fund LP | -0.15 | 0.01 | 0.15 | 55 | Oil & Gas | DON vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | DON vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | — | — | 97 | Inflation-Protected Bonds | DON vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | DON vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DON and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.00, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.00 | 0.19 | 0.32 | 72 | Consumer Defensive | |
| The Coca-Cola Company | 0.07 | 0.20 | 0.33 | 74 | Consumer Defensive | |
| Chevron Corporation | 0.10 | 0.32 | 0.43 | 70 | Energy | |
| Johnson & Johnson | 0.14 | 0.22 | 0.26 | 96 | Healthcare | |
| Verizon Communications Inc. | 0.20 | 0.25 | 0.31 | 66 | Communication Services |
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