Looking to balance out your exposure to DTE? The ETFs below have the lowest correlation with DTE — they tend to move on their own, which can help reduce risk when DTE drops. The stock ideas table highlights individual companies that behave independently from DTE.
Best Diversifiers for DTE
7 ETFs have low correlation with DTE (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.07, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.07 | -0.03 | 0.10 | 74 | Nasdaq-100 | DTE vs QQQM | |
| iShares S&P 100 ETF | -0.03 | 0.04 | 0.18 | 64 | Large Cap Blend Equities | DTE vs OEF | |
| Franklin FTSE Taiwan ETF | -0.00 | 0.02 | 0.06 | 96 | Asia Pacific Equities | DTE vs FLTW | |
| iShares MSCI Netherlands ETF | 0.04 | 0.09 | 0.16 | 51 | Europe Equities | DTE vs EWN | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.13 | 0.24 | 70 | S&P 500 | DTE vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DTE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DTE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.20 | -0.18 | -0.06 | 78 | Technology | |
| Broadcom Inc. | -0.13 | -0.13 | 0.00 | 84 | Technology | |
| Micron Technology, Inc. | -0.12 | -0.08 | -0.01 | 99 | Technology | |
| Amazon.com, Inc | -0.10 | -0.08 | 0.03 | 60 | Consumer Cyclical | |
| CrowdStrike Holdings, Inc. | -0.08 | -0.07 | -0.01 | 70 | Technology |
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Build a portfolio that complements DTE
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