Looking to balance out your exposure to DSP? The ETFs below have the lowest correlation with DSP — they tend to move on their own, which can help reduce risk when DSP drops. The stock ideas table highlights individual companies that behave independently from DSP.
Best Diversifiers for DSP
0 ETFs have low correlation with DSP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total Stock Market ETF (VTI) (Large Cap Blend Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | 0.36 | 0.43 | 0.44 | 68 | Large Cap Blend Equities | DSP vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DSP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DSP and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.18, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.18 | -0.07 | -0.03 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.13 | -0.11 | -0.06 | 92 | Healthcare | |
| Walmart Inc. | -0.06 | 0.07 | 0.07 | 63 | Consumer Defensive | |
| Merck & Co., Inc. | -0.05 | -0.05 | -0.04 | 87 | Healthcare | |
| Verizon Communications Inc. | -0.05 | 0.01 | 0.05 | 59 | Communication Services |
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