Looking to balance out your exposure to DUOT? The ETFs below have the lowest correlation with DUOT — they tend to move on their own, which can help reduce risk when DUOT drops. The stock ideas table highlights individual companies that behave independently from DUOT.
Best Diversifiers for DUOT
0 ETFs have low correlation with DUOT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.43, up from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.43 | 0.35 | 0.22 | 74 | S&P 500 | DUOT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.35 | 0.22 | 74 | S&P 500 | DUOT vs SPY | |
| Fidelity MSCI Information Technology Index ETF | 0.48 | 0.36 | 0.23 | 77 | Technology Equities | DUOT vs FTEC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DUOT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DUOT and solid risk/return profiles. The least correlated is Symbotic Inc (SYM) (Industrials) with a 1Y correlation of 0.43, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Symbotic Inc | 0.43 | 0.30 | 0.20 | 65 | Industrials |
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