Looking to balance out your exposure to DPRO? The ETFs below have historically moved differently from DPRO, 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 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 0.03, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.03 | 0.14 | 0.14 | 95 | Dividend | DPRO vs SCHD | |
| YieldMax Semiconductor Portfolio Option Income ETF | 0.37 | — | — | 89 | Derivative Income, Semiconductors | DPRO vs CHPY | |
| Global X Data Center & Digital Infrastructure ETF | 0.40 | 0.26 | 0.22 | 78 | REIT | DPRO vs DTCR | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.40 | 0.25 | — | 66 | Nasdaq-100, Derivative Income | DPRO vs JEPQ | |
| Invesco QQQ ETF | 0.41 | 0.26 | 0.23 | 58 | Nasdaq-100 | DPRO vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DPRO, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.05 | -0.02 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.18 | -0.07 | -0.05 | 87 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.12 | 0.05 | 0.07 | 61 | Financial Services | |
| Enterprise Products Partners L.P. | -0.07 | 0.04 | 0.07 | 89 | Energy | |
| Alphabet Inc. Class A | 0.15 | 0.15 | 0.15 | 96 | Communication Services |
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