Looking to balance out your exposure to DUK? The ETFs below have the lowest correlation with DUK — they tend to move on their own, which can help reduce risk when DUK drops. The stock ideas table highlights individual companies that behave independently from DUK.
Best Diversifiers for DUK
266 ETFs have low correlation with DUK (below 0.3), 196 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.41, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.41 | -0.30 | -0.15 | 69 | Leveraged Equities, Semiconductors | DUK vs USD | |
| Fidelity MSCI Information Technology Index ETF | -0.41 | -0.26 | -0.07 | 57 | Technology Equities | DUK vs FTEC | |
| iShares U.S. Technology ETF | -0.41 | -0.26 | -0.08 | 61 | Technology Equities | DUK vs IYW | |
| Vanguard Information Technology ETF | -0.41 | -0.25 | -0.07 | 57 | Technology Equities | DUK vs VGT | |
| State Street Technology Select Sector SPDR ETF | -0.40 | -0.24 | -0.06 | 61 | Technology Equities | DUK vs XLK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DUK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DUK and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.37, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.37 | -0.29 | -0.15 | 66 | Technology | |
| Interactive Brokers Group, Inc. | -0.35 | -0.14 | -0.06 | 86 | Financial Services | |
| Broadcom Inc. | -0.35 | -0.25 | -0.09 | 71 | Technology | |
| Micron Technology, Inc. | -0.32 | -0.23 | -0.13 | 99 | Technology | |
| ASML Holding N.V. | -0.31 | -0.20 | -0.07 | 95 | Technology |
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