Looking to balance out your exposure to DORM? The ETFs below have historically moved differently from DORM, 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.
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 0.18, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.18 | 0.32 | 0.34 | 58 | Nasdaq-100 | DORM vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.43 | 0.44 | 78 | S&P 500 | DORM vs SPY | |
| Vanguard S&P 500 ETF | 0.31 | 0.44 | 0.44 | 78 | S&P 500 | DORM vs VOO | |
| iShares MSCI World ETF | 0.36 | 0.45 | 0.45 | 78 | Global Equities | DORM vs URTH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DORM, 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 Golar LNG Limited (GLNG) (Energy) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Golar LNG Limited | -0.06 | 0.12 | 0.15 | 67 | Energy | |
| NVIDIA Corporation | 0.02 | 0.14 | 0.19 | 61 | Technology | |
| Huazhu Group Limited | 0.03 | 0.11 | 0.16 | 78 | Consumer Cyclical | |
| Exelon Corporation | 0.10 | 0.14 | 0.19 | 52 | Utilities | |
| American Electric Power Company, Inc. | 0.11 | 0.14 | 0.18 | 72 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DORM
Add DORM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DORM