Looking to balance out your exposure to DY? The ETFs below have the lowest correlation with DY — they tend to move on their own, which can help reduce risk when DY drops. The stock ideas table highlights individual companies that behave independently from DY.
Best Diversifiers for DY
1 ETFs have low correlation with DY (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.17, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.28 | 0.41 | 80 | Dividend | DY vs SCHD | |
| VanEck Semiconductor ETF | 0.45 | 0.40 | 0.42 | 96 | Semiconductors, Technology Equities | DY vs SMH | |
| iShares MSCI Taiwan ETF | 0.46 | 0.38 | 0.39 | 95 | Asia Pacific Equities | DY vs EWT | |
| Invesco QQQ ETF | 0.47 | 0.40 | 0.42 | 73 | Nasdaq-100 | DY vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.45 | 0.50 | 70 | S&P 500 | DY vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DY and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.13 | 0.03 | 0.18 | 85 | Energy | |
| Chevron Corporation | -0.09 | 0.05 | 0.20 | 83 | Energy | |
| Verizon Communications Inc. | -0.08 | -0.02 | 0.07 | 59 | Communication Services | |
| Duke Energy Corporation | -0.04 | 0.06 | 0.12 | 53 | Utilities | |
| Cboe Global Markets, Inc. | -0.01 | -0.07 | 0.10 | 68 | Financial Services |
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