Looking to diversify beyond DRIP? The ETFs below have the lowest correlation with DRIP — 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 DRIP.
Best Diversifiers for DRIP
2052 ETFs have low correlation with DRIP (below 0.3), 537 of which are negatively correlated. The least correlated is Invesco S&P 500 Equal Weight Energy ETF (RSPG) (Energy Equities) with a 1Y correlation of -0.92, roughly unchanged from -0.95 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Equal Weight Energy ETF | -0.92 | -0.94 | -0.95 | 57 | Energy Equities, S&P 500, Equal Weight | DRIP vs RSPG | |
| Fidelity MSCI Energy Index ETF | -0.91 | -0.93 | -0.94 | 51 | Energy Equities | DRIP vs FENY | |
| Vanguard Energy ETF | -0.91 | -0.93 | -0.94 | 51 | Energy Equities | DRIP vs VDE | |
| iShares U.S. Energy ETF | -0.90 | -0.92 | -0.93 | 51 | Energy Equities | DRIP vs IYE | |
| State Street Energy Select Sector SPDR ETF | -0.89 | -0.90 | -0.92 | 50 | Energy Equities | DRIP vs XLE |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DRIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DRIP and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.76, roughly unchanged from -0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.76 | -0.72 | -0.75 | 70 | Energy |
Build a portfolio that complements DRIP
Add DRIP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DRIP