Looking to balance out your exposure to DOO? The ETFs below have historically moved differently from DOO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
No Diversifiers Found for DOO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DOO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.08 | 0.06 | 0.10 | 77 | Healthcare | |
| Walmart Inc. | 0.13 | 0.08 | 0.16 | 58 | Consumer Defensive | |
| Caterpillar Inc. | 0.41 | 0.45 | 0.47 | 94 | Industrials | |
| LCI Industries | 0.42 | 0.51 | 0.52 | 55 | Consumer Cyclical | |
| Polaris Industries Inc. | 0.60 | 0.63 | 0.63 | 73 | Consumer Cyclical |
Build a portfolio that complements DOO
Add DOO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DOO