Looking to balance out your exposure to DT? The ETFs below have the lowest correlation with DT — they tend to move on their own, which can help reduce risk when DT drops. The stock ideas table highlights individual companies that behave independently from DT.
Best Diversifiers for DT
2 ETFs have low correlation with DT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.24, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.40 | 0.51 | 70 | S&P 500 | DT vs VOO | |
| Invesco QQQ ETF | 0.25 | 0.40 | 0.53 | 73 | Nasdaq-100 | DT vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DT and solid risk/return profiles. The least correlated is Fabrinet (FN) (Technology) with a 1Y correlation of -0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fabrinet | -0.08 | 0.16 | 0.27 | 93 | Technology | |
| Eli Lilly and Company | -0.06 | 0.07 | 0.12 | 72 | Healthcare | |
| ITT Inc. | -0.05 | 0.26 | 0.35 | 71 | Industrials | |
| Comfort Systems USA, Inc. | -0.05 | 0.17 | 0.26 | 98 | Industrials | |
| Parker-Hannifin Corporation | -0.05 | 0.25 | 0.33 | 72 | Industrials |
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