Looking to balance out your exposure to DPZ? The ETFs below have the lowest correlation with DPZ — they tend to move on their own, which can help reduce risk when DPZ drops. The stock ideas table highlights individual companies that behave independently from DPZ.
Best Diversifiers for DPZ
8 ETFs have low correlation with DPZ (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.02, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.02 | 0.22 | 0.34 | 74 | Nasdaq-100 | DPZ vs QQQ | |
| PIMCO Enhanced Short Maturity Active ETF | 0.03 | 0.03 | 0.08 | 100 | Ultrashort Bond | DPZ vs MINT | |
| iShares 0-3 Month Treasury Bond ETF | 0.06 | 0.03 | 0.00 | 100 | Ultrashort Bond | DPZ vs SGOV | |
| Vanguard S&P 500 ETF | 0.07 | 0.31 | 0.38 | 74 | S&P 500 | DPZ vs VOO | |
| State Street SPDR S&P 500 ETF | 0.07 | 0.31 | 0.38 | 74 | S&P 500 | DPZ vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DPZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DPZ and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of -0.16, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.16 | 0.13 | 0.22 | 94 | Industrials | |
| NVIDIA Corporation | -0.14 | 0.13 | 0.24 | 80 | Technology | |
| Broadcom Inc. | -0.14 | 0.11 | 0.21 | 76 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.13 | 0.14 | 0.20 | 95 | Technology | |
| Oracle Corporation | -0.13 | 0.12 | 0.20 | 61 | Technology |
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Build a portfolio that complements DPZ
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