Looking to balance out your exposure to DAL? The ETFs below have historically moved differently from DAL, 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 DAL
9 ETFs have low correlation with DAL (below 0.3), 1 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 -0.01, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | DAL vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.08 | 0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | DAL vs SHV | |
| Pacer Global Cash Cows Dividend ETF | 0.13 | 0.26 | 0.37 | 84 | Large Cap Value Equities, Dividend | DAL vs GCOW | |
| JPMorgan Ultra-Short Income ETF | 0.19 | 0.08 | 0.03 | 99 | Ultrashort Bond | DAL vs JPST | |
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.39 | 0.45 | 94 | Dividend | DAL vs SCHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DAL, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.32, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.32 | -0.06 | 0.10 | 65 | Energy | |
| Chevron Corporation | -0.32 | -0.03 | 0.10 | 72 | Energy | |
| EOG Resources, Inc. | -0.30 | -0.05 | 0.08 | 61 | Energy | |
| Exxon Mobil Corporation | -0.29 | -0.07 | 0.09 | 84 | Energy | |
| ConocoPhillips Company | -0.29 | -0.05 | 0.09 | 68 | Energy |
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