Looking to diversify beyond DRV? The ETFs below have the lowest correlation with DRV — 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 DRV.
Best Diversifiers for DRV
1947 ETFs have low correlation with DRV (below 0.3), 1919 of which are negatively correlated. The least correlated is VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) (Large Cap Value Equities) with a 1Y correlation of -0.73, roughly unchanged from -0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VictoryShares US EQ Income Enhanced Volatility Wtd... | -0.73 | -0.67 | -0.69 | 72 | Large Cap Value Equities | DRV vs CDC | |
| VictoryShares US Large Cap High Dividend Volatilit... | -0.72 | -0.71 | -0.72 | 71 | Large Cap Value Equities, Dividend | DRV vs CDL | |
| Nuveen ESG Dividend ETF | -0.71 | -0.75 | — | 62 | Large Cap Value Equities | DRV vs NUDV | |
| WisdomTree Global High Dividend Fund | -0.71 | -0.72 | -0.72 | 84 | Large Cap Value Equities, Dividend | DRV vs DEW | |
| Invesco S&P 500 High Dividend Growers ETF | -0.70 | — | — | 72 | S&P 500, Dividend | DRV vs DIVG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DRV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DRV and solid risk/return profiles. The least correlated is AstraZeneca PLC (AZN) (Healthcare) with a 1Y correlation of -0.41, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AstraZeneca PLC | -0.41 | -0.38 | -0.35 | 76 | Healthcare |
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