Looking to balance out your exposure to DHT? The ETFs below have historically moved differently from DHT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DHT
17 ETFs have low correlation with DHT (below 0.3), 7 of which are negatively correlated. The least correlated is iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.07 | 0.13 | 0.20 | 58 | Commodities | DHT vs COMT | |
| United States Brent Oil Fund LP | -0.05 | 0.14 | 0.19 | 52 | Oil & Gas | DHT vs BNO | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.04 | — | — | 83 | Commodities | DHT vs CERY | |
| VanEck Commodity Strategy ETF | -0.04 | 0.13 | — | 88 | Commodities | DHT vs PIT | |
| United States Commodity Index Fund | -0.03 | 0.14 | 0.20 | 84 | Commodities | DHT vs USCI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DHT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | -0.04 | -0.00 | 0.08 | 62 | Technology | |
| CF Industries Holdings, Inc. | -0.04 | 0.11 | 0.20 | 72 | Basic Materials | |
| CVS Health Corporation | -0.03 | 0.09 | 0.13 | 94 | Healthcare | |
| Plains All American Pipeline, L.P. | -0.02 | 0.16 | 0.25 | 93 | Energy | |
| Plains GP Holdings, L.P. | -0.01 | 0.17 | 0.27 | 93 | Energy |
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