Looking to balance out your exposure to DV? The ETFs below have the lowest correlation with DV — they tend to move on their own, which can help reduce risk when DV drops. The stock ideas table highlights individual companies that behave independently from DV.
Best Diversifiers for DV
1 ETFs have low correlation with DV (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 0.27, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.39 | 0.45 | 70 | S&P 500 | DV vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DV and solid risk/return profiles. The least correlated is The Ensign Group, Inc. (ENSG) (Healthcare) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Ensign Group, Inc. | -0.03 | 0.17 | 0.22 | 52 | Healthcare | |
| AGCO Corporation | 0.02 | 0.19 | 0.20 | 59 | Industrials | |
| Flowserve Corporation | 0.08 | 0.22 | 0.24 | 74 | Industrials | |
| Catalyst Pharmaceuticals, Inc. | 0.14 | 0.18 | 0.24 | 60 | Healthcare | |
| Penumbra, Inc. | 0.17 | 0.25 | 0.35 | 66 | Healthcare |
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