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
15 ETFs have low correlation with DHT (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus InfraCap U.S. Preferred Stock ETF (PFFA) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus InfraCap U.S. Preferred Stock ETF | 0.01 | 0.07 | 0.13 | 58 | Preferred Stock/Convertible Bonds | DHT vs PFFA | |
| iShares Commodities Select Strategy ETF | 0.01 | 0.16 | 0.22 | 70 | Commodities | DHT vs COMT | |
| Vanguard S&P 500 ETF | 0.02 | 0.12 | 0.20 | 74 | S&P 500 | DHT vs VOO | |
| VanEck Commodity Strategy ETF | 0.03 | 0.16 | — | 86 | Commodities | DHT vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.05 | — | — | 85 | Commodities | DHT vs CERY |
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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 CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.05, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.05 | 0.08 | 0.13 | 83 | Healthcare | |
| Eversource Energy | -0.04 | -0.04 | -0.02 | 57 | Utilities | |
| Walmart Inc. | -0.03 | -0.01 | 0.05 | 66 | Consumer Defensive | |
| Plains All American Pipeline, L.P. | -0.03 | 0.18 | 0.27 | 89 | Energy | |
| Snowflake Inc. | -0.02 | 0.03 | 0.09 | 51 | Technology |
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Build a portfolio that complements DHT
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