Looking to balance out your exposure to DHT? The ETFs below have the lowest correlation with DHT — they tend to move on their own, which can help reduce risk when DHT drops. The stock ideas table highlights individual companies that behave independently from DHT.
Best Diversifiers for DHT
13 ETFs have low correlation with DHT (below 0.3), 3 of which are negatively correlated. The least correlated is VanEck Commodity Strategy ETF (PIT) (Commodities) with a 1Y correlation of -0.02, down from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Commodity Strategy ETF | -0.02 | 0.14 | — | 72 | Commodities | DHT vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.01 | — | — | 70 | Commodities | DHT vs CERY | |
| United States Commodity Index Fund | -0.01 | 0.14 | 0.20 | 67 | Commodities | DHT vs USCI | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.00 | 0.16 | 0.22 | 74 | Commodities | DHT vs FTGC | |
| Harbor Commodity All-Weather Strategy ETF | 0.00 | 0.15 | — | 71 | Commodities | DHT vs HGER |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DHT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DHT and solid risk/return profiles. The least correlated is Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | -0.06 | 0.01 | 0.08 | 60 | Technology | |
| Tesla, Inc. | -0.04 | 0.05 | 0.12 | 63 | Consumer Cyclical | |
| Plains All American Pipeline, L.P. | -0.03 | 0.17 | 0.26 | 86 | Energy | |
| CVS Health Corporation | -0.03 | 0.09 | 0.13 | 92 | Healthcare | |
| Peabody Energy Corporation | -0.00 | 0.13 | 0.23 | 72 | Energy |
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Build a portfolio that complements DHT
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