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
0 ETFs have low correlation with DPRO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Data Center & Digital Infrastructure ETF (DTCR) (REIT) with a 1Y correlation of 0.32, up from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Data Center & Digital Infrastructure ETF | 0.32 | 0.24 | 0.21 | 89 | REIT | DPRO vs DTCR | |
| Invesco QQQ ETF | 0.33 | 0.23 | 0.23 | 59 | Nasdaq-100 | DPRO vs QQQ | |
| Schwab U.S. Large-Cap ETF | 0.35 | 0.26 | 0.24 | 56 | Large Cap Blend Equities | DPRO vs SCHX | |
| iShares Russell 2000 ETF | 0.36 | 0.33 | 0.31 | 67 | Small Cap Blend Equities | DPRO vs IWM | |
| Defiance Quantum ETF | 0.42 | 0.31 | 0.28 | 88 | Technology Equities | DPRO vs QTUM |
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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.10, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.10 | 0.13 | 0.15 | 96 | Communication Services | |
| Intel Corporation | 0.13 | 0.16 | 0.16 | 99 | Technology | |
| Howmet Aerospace Inc. | 0.14 | 0.11 | 0.14 | 85 | Industrials | |
| Apple Inc | 0.17 | 0.15 | 0.15 | 87 | Technology | |
| ASML Holding N.V. | 0.21 | 0.18 | 0.16 | 94 | Technology |
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