Looking to balance out your exposure to DELKY? The ETFs below have the lowest correlation with DELKY — they tend to move on their own, which can help reduce risk when DELKY drops. The stock ideas table highlights individual companies that behave independently from DELKY.
Best Diversifiers for DELKY
8 ETFs have low correlation with DELKY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares International Select Dividend ETF (IDV) (Global Equities) with a 1Y correlation of 0.01, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares International Select Dividend ETF | 0.01 | 0.10 | 0.11 | 84 | Global Equities, Dividend | DELKY vs IDV | |
| FT Cboe Vest Rising Dividend Achievers Target Inco... | 0.02 | 0.09 | — | 64 | Derivative Income | DELKY vs RDVI | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.08 | 0.07 | 74 | S&P 500 | DELKY vs SPY | |
| FT Vest Technology Dividend Target Income ETF | 0.03 | 0.09 | 0.09 | 84 | Derivative Income | DELKY vs TDVI | |
| First Trust Dow Jones Global Select Dividend Index... | 0.03 | 0.12 | 0.12 | 76 | Global Equities, Dividend | DELKY vs FGD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DELKY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DELKY and solid risk/return profiles. The least correlated is Kenon Holdings Ltd. (KEN) (Utilities) with a 1Y correlation of 0.27, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kenon Holdings Ltd. | 0.27 | 0.30 | 0.24 | 94 | Utilities |
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