Looking to balance out your exposure to DTEGY? The ETFs below have historically moved differently from DTEGY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DTEGY
4 ETFs have low correlation with DTEGY (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 0.04, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | 0.04 | 0.18 | 0.32 | 67 | Large Cap Blend Equities | DTEGY vs VTI | |
| Vanguard S&P 500 ETF | 0.04 | 0.18 | 0.32 | 68 | S&P 500 | DTEGY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.04 | 0.18 | 0.32 | 67 | S&P 500 | DTEGY vs SPY | |
| iShares Russell Midcap ETF | 0.13 | 0.23 | 0.35 | 62 | Mid Cap Blend Equities | DTEGY vs IWR | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.30 | 0.39 | 95 | Dividend | DTEGY vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DTEGY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.13 | 0.03 | 0.15 | 94 | Technology | |
| Broadcom Inc. | -0.12 | 0.03 | 0.14 | 67 | Technology | |
| NVIDIA Corporation | -0.11 | 0.01 | 0.14 | 56 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.11 | 0.04 | 0.16 | 87 | Technology | |
| Valero Energy Corporation | -0.09 | -0.04 | 0.09 | 98 | Energy |
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