Looking to balance out your exposure to DHX? The ETFs below have the lowest correlation with DHX — they tend to move on their own, which can help reduce risk when DHX drops. The stock ideas table highlights individual companies that behave independently from DHX.
Best Diversifiers for DHX
1 ETFs have low correlation with DHX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.13, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.13 | 0.16 | 0.23 | 73 | Nasdaq-100 | DHX vs QQQ |
Diversification Analysis
Build a portfolio that complements DHX
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