Looking to diversify beyond DRAM? The ETFs below have the lowest correlation with DRAM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DRAM.
Best Diversifiers for DRAM
269 ETFs have low correlation with DRAM (below 0.3), 74 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.41, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.41 | -0.41 | -0.41 | 78 | Dividend, Large Cap Value Equities | DRAM vs HDV | |
| ProShares Short Bitcoin ETF | -0.38 | -0.38 | -0.38 | 57 | Cryptocurrency | DRAM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DRAM vs SBIT | |
| Barclays ETN+ Select MLP ETN | -0.37 | -0.37 | -0.37 | 61 | MLPs | DRAM vs ATMP | |
| VictoryShares US Large Cap High Dividend Volatilit... | -0.36 | -0.36 | -0.36 | 83 | Large Cap Value Equities, Dividend | DRAM vs CDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DRAM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DRAM and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.67, roughly unchanged from -0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.67 | -0.67 | -0.67 | 53 | Industrials | |
| PepsiCo, Inc. | -0.50 | -0.50 | -0.50 | 53 | Consumer Defensive | |
| Duke Energy Corporation | -0.45 | -0.45 | -0.45 | 66 | Utilities | |
| Altria Group, Inc. | -0.43 | -0.43 | -0.43 | 81 | Consumer Defensive | |
| The Southern Company | -0.39 | -0.39 | -0.39 | 58 | Utilities |
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Build a portfolio that complements DRAM
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