Looking to balance out your exposure to DVAX? The ETFs below have the lowest correlation with DVAX — they tend to move on their own, which can help reduce risk when DVAX drops. The stock ideas table highlights individual companies that behave independently from DVAX.
Best Diversifiers for DVAX
2 ETFs have low correlation with DVAX (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 0.24, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.25 | 0.36 | 70 | S&P 500 | DVAX vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.28 | 0.34 | 80 | Dividend | DVAX vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DVAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DVAX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.04 | 0.09 | 69 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.04 | -0.01 | 0.11 | 68 | Financial Services | |
| Coca-Cola Consolidated, Inc. | 0.04 | 0.09 | 0.19 | 80 | Consumer Defensive | |
| NIO Inc. | 0.05 | 0.15 | 0.27 | 67 | Consumer Cyclical | |
| Target Hospitality Corp. | 0.05 | 0.06 | 0.10 | 90 | Energy |
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