Looking to balance out your exposure to DTEGY? The ETFs below have the lowest correlation with DTEGY — they tend to move on their own, which can help reduce risk when DTEGY drops. The stock ideas table highlights individual companies that behave independently from DTEGY.
Best Diversifiers for DTEGY
4 ETFs have low correlation with DTEGY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.05, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.05 | 0.16 | 0.28 | 60 | Nasdaq-100 | DTEGY vs QQQM | |
| Vanguard Total Stock Market ETF | 0.14 | 0.22 | 0.34 | 59 | Large Cap Blend Equities | DTEGY vs VTI | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.21 | 0.34 | 59 | S&P 500 | DTEGY vs SPY | |
| Vanguard S&P 500 ETF | 0.14 | 0.21 | 0.34 | 59 | S&P 500 | DTEGY vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.29 | 0.39 | 77 | Dividend | DTEGY vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DTEGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DTEGY and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.13 | -0.03 | 0.10 | 91 | Energy | |
| NVIDIA Corporation | -0.09 | 0.03 | 0.15 | 72 | Technology | |
| Advanced Micro Devices, Inc. | -0.06 | 0.07 | 0.17 | 97 | Technology | |
| Broadcom Inc. | -0.05 | 0.06 | 0.16 | 72 | Technology | |
| BP p.l.c. | -0.04 | 0.06 | 0.18 | 77 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DTEGY
Add DTEGY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DTEGY