Looking to balance out your exposure to DVA? The ETFs below have the lowest correlation with DVA — they tend to move on their own, which can help reduce risk when DVA drops. The stock ideas table highlights individual companies that behave independently from DVA.
Best Diversifiers for DVA
2 ETFs have low correlation with DVA (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 0.08, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.08 | 0.22 | 0.32 | 70 | S&P 500 | DVA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.08 | 0.22 | 0.32 | 70 | S&P 500 | DVA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DVA and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.19 | 0.02 | 0.12 | 78 | Technology | |
| Oracle Corporation | -0.18 | 0.06 | 0.15 | 58 | Technology | |
| Arista Networks, Inc. | -0.14 | 0.01 | 0.10 | 79 | Technology | |
| Amphenol Corporation | -0.13 | 0.06 | 0.19 | 77 | Technology | |
| Comfort Systems USA, Inc. | -0.05 | 0.13 | 0.22 | 98 | Industrials |
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