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
690 ETFs have low correlation with DHLX (below 0.3), 13 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.23 | -0.23 | -0.23 | 55 | Inverse Equities | DHLX vs NFXS | |
| United States Gasoline Fund LP | -0.09 | -0.09 | -0.09 | 55 | Oil & Gas | DHLX vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.03 | -0.03 | -0.03 | 75 | Commodities | DHLX vs FAAR | |
| GraniteShares 2x Long MU Daily ETF | -0.02 | -0.02 | -0.02 | 98 | Leveraged Equities | DHLX vs MULL | |
| First Trust Ultra Short Duration Municipal ETF | -0.02 | -0.02 | -0.02 | 96 | Municipal Bonds, Ultrashort Bond | DHLX vs FUMB |
See all 1901 diversifiers for DHLX
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