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
246 ETFs have low correlation with DUK (below 0.3), 159 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.38, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.38 | -0.28 | -0.14 | 84 | Leveraged Equities, Semiconductors | DUK vs USD | |
| iShares U.S. Technology ETF | -0.37 | -0.24 | -0.07 | 62 | Technology Equities | DUK vs IYW | |
| State Street Technology Select Sector SPDR ETF | -0.37 | -0.22 | -0.05 | 69 | Technology Equities | DUK vs XLK | |
| Roundhill Generative AI & Technology ETF | -0.35 | -0.24 | — | 92 | Technology Equities | DUK vs CHAT | |
| SP Funds S&P Global Technology ETF | -0.33 | — | — | 79 | Technology Equities | DUK vs SPTE |
To view more results, upgrade your current subscription plan.
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 -0.36, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.36 | -0.27 | -0.15 | 66 | Technology | |
| Interactive Brokers Group, Inc. | -0.33 | -0.13 | -0.05 | 88 | Financial Services | |
| Micron Technology, Inc. | -0.31 | -0.22 | -0.13 | 99 | Technology | |
| Broadcom Inc. | -0.30 | -0.23 | -0.08 | 71 | Technology | |
| CrowdStrike Holdings, Inc. | -0.28 | -0.20 | -0.10 | 66 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DUK
Add DUK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DUK