Looking to balance out your exposure to DUK? The ETFs below have historically moved differently from DUK, 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 DUK
265 ETFs have low correlation with DUK (below 0.3), 191 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.41, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.41 | -0.27 | -0.08 | 56 | Technology Equities | DUK vs IYW | |
| Fidelity MSCI Information Technology Index ETF | -0.40 | -0.26 | -0.07 | 58 | Technology Equities | DUK vs FTEC | |
| Roundhill Generative AI & Technology ETF | -0.40 | -0.28 | — | 69 | Artificial Intelligence, Technology Equities | DUK vs CHAT | |
| Vanguard Information Technology ETF | -0.40 | -0.26 | -0.07 | 57 | Technology Equities | DUK vs VGT | |
| Direxion Daily Technology Bull 3X Shares | -0.40 | -0.25 | -0.06 | 53 | Leveraged Equities, Technology Equities | DUK vs TECL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DUK, 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 Interactive Brokers Group, Inc. (IBKR) (Financial Services) with a 1Y correlation of -0.39, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Interactive Brokers Group, Inc. | -0.39 | -0.15 | -0.06 | 74 | Financial Services | |
| Broadcom Inc. | -0.36 | -0.25 | -0.09 | 70 | Technology | |
| NVIDIA Corporation | -0.34 | -0.28 | -0.15 | 63 | Technology | |
| Western Digital Corporation | -0.31 | -0.20 | -0.07 | 99 | Technology | |
| Seagate Technology plc | -0.30 | -0.12 | -0.02 | 99 | Technology |
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