Looking to diversify beyond DHLX? The ETFs below have the lowest correlation with DHLX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DHLX.
Best Diversifiers for DHLX
749 ETFs have low correlation with DHLX (below 0.3), 23 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.71, roughly unchanged from -0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.71 | -0.71 | -0.71 | 98 | Leveraged Equities, Semiconductors | DHLX vs MUU | |
| Direxion Daily NFLX Bear 1X Shares | -0.25 | -0.25 | -0.25 | 57 | Inverse Equities | DHLX vs NFXS | |
| ProShares Short Bitcoin ETF | -0.19 | -0.19 | -0.19 | 52 | Cryptocurrency | DHLX vs BITI | |
| Invesco DB Energy Fund | -0.12 | -0.12 | -0.12 | 57 | Oil & Gas | DHLX vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.06 | -0.06 | -0.06 | 56 | Commodities | DHLX vs DBC |
See all 1992 diversifiers for DHLX
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