Looking to balance out your exposure to DY? The ETFs below have historically moved differently from DY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.11, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.24 | 0.38 | 95 | Dividend | DY vs SCHD | |
| iShares MSCI Brazil ETF | 0.40 | 0.29 | 0.29 | 53 | Latin America Equities | DY vs EWZ | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.47 | 0.50 | 72 | S&P 500 | DY vs SPY | |
| Invesco QQQ ETF | 0.49 | 0.43 | 0.44 | 55 | Nasdaq-100 | DY vs QQQ | |
| Vanguard S&P 500 ETF | 0.49 | 0.46 | 0.50 | 72 | S&P 500 | DY vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.16, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.16 | 0.02 | 0.15 | 80 | Financial Services | |
| Verizon Communications Inc. | -0.14 | -0.05 | 0.05 | 63 | Communication Services | |
| Exxon Mobil Corporation | -0.13 | 0.00 | 0.16 | 85 | Energy | |
| Consolidated Edison, Inc. | -0.13 | -0.04 | 0.06 | 53 | Utilities | |
| Par Pacific Holdings, Inc. | -0.09 | 0.07 | 0.20 | 95 | Energy |
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