Looking to balance out your exposure to DHLGY? The ETFs below have the lowest correlation with DHLGY — they tend to move on their own, which can help reduce risk when DHLGY drops. The stock ideas table highlights individual companies that behave independently from DHLGY.
Best Diversifiers for DHLGY
0 ETFs have low correlation with DHLGY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.52, roughly unchanged from 0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.52 | 0.46 | — | 65 | S&P 500 | DHLGY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DHLGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DHLGY and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.13, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.13 | 0.03 | — | 77 | Energy | |
| Visa Inc. | 0.18 | 0.21 | — | 50 | Financial Services | |
| NVIDIA Corporation | 0.20 | 0.23 | — | 63 | Technology | |
| Bruker Corporation | 0.28 | 0.28 | — | 67 | Healthcare | |
| Alphabet Inc. Class A | 0.30 | 0.27 | — | 96 | Communication Services |
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