Looking to balance out your exposure to DRI? The ETFs below have the lowest correlation with DRI — they tend to move on their own, which can help reduce risk when DRI drops. The stock ideas table highlights individual companies that behave independently from DRI.
Best Diversifiers for DRI
3 ETFs have low correlation with DRI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.07, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.07 | 0.19 | 0.34 | 73 | Nasdaq-100 | DRI vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.30 | 0.42 | 70 | S&P 500 | DRI vs SPY | |
| Vanguard Total Stock Market ETF | 0.19 | 0.32 | 0.44 | 68 | Large Cap Blend Equities | DRI vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.46 | 0.49 | 80 | Dividend | DRI vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DRI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DRI and solid risk/return profiles. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of -0.06, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | -0.06 | 0.07 | 0.22 | 66 | Technology | |
| NVIDIA Corporation | -0.06 | 0.03 | 0.18 | 78 | Technology | |
| Palo Alto Networks, Inc. | -0.05 | 0.05 | 0.16 | 67 | Technology | |
| Alphabet Inc. Class A | -0.03 | 0.08 | 0.23 | 96 | Communication Services | |
| Arista Networks, Inc. | -0.02 | 0.11 | 0.23 | 79 | Technology |
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