Looking to balance out your exposure to DOV? The ETFs below have the lowest correlation with DOV — they tend to move on their own, which can help reduce risk when DOV drops. The stock ideas table highlights individual companies that behave independently from DOV.
Best Diversifiers for DOV
0 ETFs have low correlation with DOV (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.38, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.38 | 0.43 | 0.53 | 73 | Nasdaq-100 | DOV vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | 0.39 | — | — | 68 | Nasdaq-100, Derivative Income | DOV vs QQQI | |
| Amplify CWP International Enhanced Dividend Income... | 0.49 | 0.52 | — | 67 | Derivative Income, Dividend, Foreign Large Cap Equities | DOV vs IDVO | |
| Vanguard S&P 500 ETF | 0.50 | 0.57 | 0.66 | 70 | S&P 500 | DOV vs VOO | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.58 | 0.66 | 70 | S&P 500 | DOV vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.06 | 0.17 | 69 | Consumer Defensive | |
| Canadian Utilities Limited | -0.04 | 0.08 | 0.16 | 90 | Utilities | |
| Fortis Inc | -0.03 | 0.13 | 0.22 | 76 | Utilities | |
| Walmart Inc. | 0.02 | 0.13 | 0.25 | 63 | Consumer Defensive | |
| Coterra Energy Inc. | 0.03 | 0.25 | 0.28 | 79 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DOV
Add DOV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DOV