Looking to balance out your exposure to DPRO? The ETFs below have the lowest correlation with DPRO — they tend to move on their own, which can help reduce risk when DPRO drops. The stock ideas table highlights individual companies that behave independently from DPRO.
Best Diversifiers for DPRO
1 ETFs have low correlation with DPRO (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.07 | 0.15 | 0.15 | 83 | Dividend | DPRO vs SCHD | |
| YieldMax Semiconductor Portfolio Option Income ETF | 0.32 | — | — | 95 | Derivative Income, Semiconductors | DPRO vs CHPY | |
| Global X Data Center & Digital Infrastructure ETF | 0.37 | 0.25 | 0.22 | 83 | REIT | DPRO vs DTCR | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.38 | 0.24 | — | 68 | Nasdaq-100, Derivative Income | DPRO vs JEPQ | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.38 | — | — | 73 | Nasdaq-100, Dividend | DPRO vs GPIQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DPRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DPRO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.03 | -0.00 | 78 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | -0.06 | -0.05 | 82 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.03 | 0.05 | 0.09 | 85 | Energy | |
| Alphabet Inc. Class A | 0.13 | 0.14 | 0.16 | 96 | Communication Services | |
| Intel Corporation | 0.16 | 0.17 | 0.16 | 98 | Technology |
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