Looking to balance out your exposure to DRI? The ETFs below have historically moved differently from DRI, 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 DRI
3 ETFs have low correlation with DRI (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.00, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.00 | 0.16 | 0.32 | 58 | Nasdaq-100 | DRI vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.26 | 0.39 | 78 | S&P 500 | DRI vs SPY | |
| Vanguard Total Stock Market ETF | 0.12 | 0.29 | 0.41 | 78 | Large Cap Blend Equities | DRI vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.34 | 0.45 | 0.48 | 95 | Dividend | DRI vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DRI, 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 Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of -0.15, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | -0.15 | 0.04 | 0.20 | 82 | Technology | |
| Palo Alto Networks, Inc. | -0.12 | 0.03 | 0.15 | 90 | Technology | |
| NVIDIA Corporation | -0.11 | 0.00 | 0.20 | 61 | Technology | |
| Arista Networks, Inc. | -0.09 | 0.06 | 0.21 | 75 | Technology | |
| Micron Technology, Inc. | -0.07 | 0.07 | 0.23 | 99 | Technology |
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