Looking to balance out your exposure to DLAKY? The ETFs below have the lowest correlation with DLAKY — they tend to move on their own, which can help reduce risk when DLAKY drops. The stock ideas table highlights individual companies that behave independently from DLAKY.
Best Diversifiers for DLAKY
0 ETFs have low correlation with DLAKY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.39, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.39 | 0.35 | 0.40 | 65 | S&P 500 | DLAKY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DLAKY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DLAKY and solid risk/return profiles. The least correlated is AXIS Capital Holdings Limited (AXS) (Financial Services) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXIS Capital Holdings Limited | 0.02 | 0.11 | 0.21 | 71 | Financial Services | |
| Norsk Hydro ASA ADR | 0.09 | 0.24 | 0.25 | 80 | Basic Materials | |
| Endesa SA ADR | 0.15 | 0.16 | 0.18 | 92 | Utilities | |
| Dole plc | 0.16 | 0.22 | 0.22 | 53 | Consumer Defensive | |
| AstraZeneca PLC | 0.17 | 0.18 | 0.19 | 69 | Healthcare |
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