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
283 ETFs have low correlation with DUK (below 0.3), 192 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.35, roughly unchanged from -0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.36 | -0.26 | — | 56 | Derivative Income, Options Trading | DUK vs NVDY | |
| ProShares Ultra Semiconductors | -0.33 | -0.27 | -0.13 | 89 | Leveraged Equities, Semiconductors | DUK vs USD | |
| iShares U.S. Technology ETF | -0.33 | -0.23 | -0.06 | 76 | Technology Equities | DUK vs IYW | |
| State Street Technology Select Sector SPDR ETF | -0.33 | -0.21 | -0.03 | 82 | Technology Equities | DUK vs XLK | |
| Roundhill Generative AI & Technology ETF | -0.32 | -0.23 | — | 94 | Technology Equities | DUK vs CHAT |
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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 -0.34, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.34 | -0.27 | -0.14 | 80 | Technology | |
| Interactive Brokers Group, Inc. | -0.31 | -0.12 | -0.04 | 84 | Financial Services | |
| Oracle Corporation | -0.30 | -0.15 | 0.02 | 61 | Technology | |
| Micron Technology, Inc. | -0.27 | -0.21 | -0.11 | 99 | Technology | |
| Broadcom Inc. | -0.26 | -0.21 | -0.07 | 76 | Technology |
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