Looking to balance out your exposure to DLHC? The ETFs below have the lowest correlation with DLHC — they tend to move on their own, which can help reduce risk when DLHC drops. The stock ideas table highlights individual companies that behave independently from DLHC.
Best Diversifiers for DLHC
1 ETFs have low correlation with DLHC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.19, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.19 | 0.23 | 0.24 | 66 | S&P 500 | DLHC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DLHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DLHC and solid risk/return profiles. The least correlated is BWX Technologies, Inc. (BWXT) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BWX Technologies, Inc. | 0.02 | 0.09 | 0.08 | 71 | Industrials | |
| nVent Electric plc | 0.09 | 0.18 | 0.18 | 96 | Industrials | |
| Extreme Networks, Inc. | 0.19 | 0.18 | 0.21 | 77 | Technology |
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