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 State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.47, up from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.47 | 0.36 | 0.23 | 66 | S&P 500 | DUOT vs SPY | |
| Vanguard S&P 500 ETF | 0.47 | 0.36 | 0.23 | 66 | S&P 500 | DUOT vs VOO | |
| Fidelity MSCI Information Technology Index ETF | 0.52 | 0.37 | 0.25 | 58 | Technology Equities | DUOT vs FTEC |
Diversification Analysis
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