Looking to balance out your exposure to DORM? The ETFs below have the lowest correlation with DORM — they tend to move on their own, which can help reduce risk when DORM drops. The stock ideas table highlights individual companies that behave independently from DORM.
Best Diversifiers for DORM
1 ETFs have low correlation with DORM (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.25, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.25 | 0.33 | 0.35 | 73 | Nasdaq-100 | DORM vs QQQ | |
| Vanguard S&P 500 ETF | 0.37 | 0.44 | 0.45 | 70 | S&P 500 | DORM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.44 | 0.45 | 70 | S&P 500 | DORM vs SPY | |
| iShares MSCI World ETF | 0.41 | 0.45 | 0.45 | 63 | Global Equities | DORM vs URTH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DORM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DORM and solid risk/return profiles. The least correlated is Golar LNG Limited (GLNG) (Energy) with a 1Y correlation of -0.06, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Golar LNG Limited | -0.06 | 0.15 | 0.16 | 65 | Energy | |
| NVIDIA Corporation | 0.03 | 0.13 | 0.19 | 78 | Technology | |
| Huazhu Group Limited | 0.07 | 0.14 | 0.17 | 70 | Consumer Cyclical | |
| American Electric Power Company, Inc. | 0.09 | 0.13 | 0.18 | 79 | Utilities | |
| 21Vianet Group, Inc. | 0.10 | 0.16 | 0.14 | 73 | Technology |
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