Looking to balance out your exposure to DOV? The ETFs below have historically moved differently from DOV, 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 DOV
0 ETFs have low correlation with DOV (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.45, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.45 | 0.57 | 0.65 | 68 | S&P 500 | DOV vs VOO | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.57 | 0.65 | 67 | S&P 500 | DOV vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.46 | 0.58 | 0.67 | 95 | Dividend | DOV vs SCHD | |
| Amplify CWP International Enhanced Dividend Income... | 0.48 | 0.51 | — | 86 | Derivative Income, Dividend, Foreign Large Cap Equities | DOV vs IDVO | |
| Vanguard International High Dividend Yield ETF | 0.53 | 0.52 | 0.58 | 91 | Dividend, Foreign Large Cap Equities | DOV vs VYMI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DOV, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.13 | 0.09 | 0.17 | 57 | Energy | |
| Altria Group, Inc. | -0.08 | 0.02 | 0.15 | 66 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.05 | 0.04 | 0.16 | 59 | Utilities | |
| Canadian Utilities Limited | -0.04 | 0.09 | 0.16 | 98 | Utilities | |
| Chevron Corporation | -0.02 | 0.19 | 0.28 | 80 | Energy |
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