Looking to balance out your exposure to DOW? The ETFs below have the lowest correlation with DOW — they tend to move on their own, which can help reduce risk when DOW drops. The stock ideas table highlights individual companies that behave independently from DOW.
Best Diversifiers for DOW
234 ETFs have low correlation with DOW (below 0.3), 19 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.09, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.09 | 0.05 | 0.04 | 52 | Derivative Income, Options Trading | DOW vs NVDY | |
| Schwab Short-Term U.S. Treasury ETF | -0.09 | -0.02 | -0.02 | 81 | Government Bonds, Short-Term Bond | DOW vs SCHO | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | -0.07 | 0.01 | — | 73 | Municipal Bonds | DOW vs VTES | |
| iShares 0-1 Year Treasury Bond ETF | -0.07 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | DOW vs SHV | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | 0.01 | -0.00 | 100 | Government Bonds, Ultrashort Bond | DOW vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOW and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of -0.17, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.17 | 0.08 | 0.29 | 65 | Industrials | |
| Howmet Aerospace Inc. | -0.13 | 0.11 | 0.31 | 79 | Industrials | |
| Monster Beverage Corporation | -0.11 | 0.09 | 0.19 | 79 | Consumer Defensive | |
| The TJX Companies, Inc. | -0.09 | 0.11 | 0.26 | 78 | Consumer Cyclical | |
| NVIDIA Corporation | -0.09 | 0.04 | 0.16 | 78 | Technology |
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