Looking to balance out your exposure to DVN? The ETFs below have the lowest correlation with DVN — they tend to move on their own, which can help reduce risk when DVN drops. The stock ideas table highlights individual companies that behave independently from DVN.
Best Diversifiers for DVN
259 ETFs have low correlation with DVN (below 0.3), 193 of which are negatively correlated. The least correlated is Schwab Short-Term U.S. Treasury ETF (SCHO) (Government Bonds) with a 1Y correlation of -0.22, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Short-Term U.S. Treasury ETF | -0.22 | -0.13 | -0.11 | 81 | Government Bonds, Short-Term Bond | DVN vs SCHO | |
| iShares S&P 500 Growth ETF | -0.20 | 0.03 | 0.15 | 57 | Large Cap Growth Equities, S&P 500 | DVN vs IVW | |
| Vanguard Emerging Markets Government Bond ETF | -0.20 | 0.01 | 0.07 | 60 | Emerging Markets Bonds | DVN vs VWOB | |
| Fidelity Blue Chip Growth ETF | -0.20 | 0.05 | 0.20 | 57 | Large Cap Growth Equities | DVN vs FBCG | |
| iShares Top 20 U.S. Stocks ETF | -0.20 | — | — | 58 | Large Cap Growth Equities | DVN vs TOPT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DVN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DVN and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.19, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.19 | 0.03 | 0.14 | 94 | Technology | |
| General Electric Company | -0.18 | 0.06 | 0.21 | 65 | Industrials | |
| Lam Research Corporation | -0.16 | 0.05 | 0.17 | 98 | Technology | |
| AppLovin Corporation | -0.15 | 0.04 | 0.09 | 59 | Technology | |
| Alphabet Inc. Class A | -0.15 | 0.01 | 0.13 | 96 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DVN
Add DVN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DVN