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
10 ETFs have low correlation with DELKY (below 0.3), 0 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of 0.01, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | 0.01 | 0.05 | 0.10 | 61 | MLPs | DELKY vs AMLP | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | 0.03 | 0.08 | 0.10 | 65 | S&P 500, Dividend | DELKY vs SPYD | |
| Global X MLP ETF | 0.03 | 0.04 | 0.10 | 59 | MLPs | DELKY vs MLPA | |
| FT Cboe Vest Rising Dividend Achievers Target Inco... | 0.04 | 0.10 | — | 82 | Derivative Income | DELKY vs RDVI | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.08 | 0.08 | 63 | S&P 500 | DELKY vs SPY |
To view more results, upgrade your current subscription plan.
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 0.26, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kenon Holdings Ltd. | 0.26 | 0.29 | 0.25 | 77 | Utilities |
Build a portfolio that complements DELKY
Add DELKY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DELKY