Looking to balance out your exposure to DPZ? The ETFs below have historically moved differently from DPZ, 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 DPZ
7 ETFs have low correlation with DPZ (below 0.3), 2 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.03, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.03 | 0.26 | 0.36 | 67 | S&P 500 | DPZ vs SPY | |
| Vanguard S&P 500 ETF | -0.02 | 0.26 | 0.36 | 68 | S&P 500 | DPZ vs VOO | |
| PIMCO Enhanced Short Maturity Active ETF | 0.05 | 0.02 | 0.09 | 100 | Ultrashort Bond | DPZ vs MINT | |
| iShares 0-3 Month Treasury Bond ETF | 0.11 | 0.04 | 0.02 | 100 | Ultrashort Bond | DPZ vs SGOV | |
| Vanguard Short-Term Bond Index Fund ETF Shares | 0.14 | 0.09 | 0.13 | 71 | Short-Term Bond | DPZ vs BSV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DPZ, 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 Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of -0.27, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.27 | 0.07 | 0.18 | 76 | Industrials | |
| Eaton Corporation plc | -0.23 | 0.11 | 0.21 | 53 | Industrials | |
| Applied Materials, Inc. | -0.22 | 0.09 | 0.21 | 95 | Technology | |
| Advanced Micro Devices, Inc. | -0.21 | 0.09 | 0.20 | 94 | Technology | |
| Broadcom Inc. | -0.20 | 0.05 | 0.18 | 67 | Technology |
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