Looking to balance out your exposure to DAL? The ETFs below have the lowest correlation with DAL — they tend to move on their own, which can help reduce risk when DAL drops. The stock ideas table highlights individual companies that behave independently from DAL.
Best Diversifiers for DAL
10 ETFs have low correlation with DAL (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.00, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.00 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | DAL vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.10 | 0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | DAL vs SHV | |
| Pacer Global Cash Cows Dividend ETF | 0.12 | 0.27 | 0.37 | 75 | Large Cap Value Equities, Dividend | DAL vs GCOW | |
| JPMorgan Ultra-Short Income ETF | 0.20 | 0.08 | 0.03 | 99 | Ultrashort Bond | DAL vs JPST | |
| Vanguard Tax-Exempt Bond ETF | 0.22 | 0.15 | 0.10 | 80 | Municipal Bonds | DAL vs VTEB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAL and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.27, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.27 | -0.01 | 0.12 | 74 | Energy | |
| Exxon Mobil Corporation | -0.27 | -0.05 | 0.11 | 78 | Energy | |
| Occidental Petroleum Corporation | -0.26 | -0.04 | 0.12 | 67 | Energy | |
| EOG Resources, Inc. | -0.25 | -0.03 | 0.11 | 66 | Energy | |
| ConocoPhillips Company | -0.23 | -0.03 | 0.11 | 69 | Energy |
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Build a portfolio that complements DAL
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