Looking to diversify beyond DLN? The ETFs below have the lowest correlation with DLN — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DLN.
Best Diversifiers for DLN
332 ETFs have low correlation with DLN (below 0.3), 34 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.35, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.31 | -0.31 | 60 | Inverse Equities, Leveraged Equities | DLN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.33 | -0.33 | 53 | Inverse Equities | DLN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | -0.35 | -0.35 | 65 | Derivative Income | DLN vs WNTR | |
| ProShares UltraShort Yen | -0.25 | -0.10 | -0.07 | 75 | Leveraged Currency | DLN vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.20 | -0.11 | -0.11 | 51 | Multistrategy | DLN vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DLN and solid risk/return profiles. The least correlated is Black Stone Minerals, L.P. (BSM) (Energy) with a 1Y correlation of 0.08, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Stone Minerals, L.P. | 0.08 | 0.24 | 0.32 | 63 | Energy | |
| Exxon Mobil Corporation | 0.10 | 0.29 | 0.40 | 71 | Energy | |
| Sunoco LP | 0.11 | 0.27 | 0.35 | 85 | Energy | |
| Chevron Corporation | 0.12 | 0.31 | 0.42 | 67 | Energy | |
| Energy Transfer LP | 0.14 | 0.36 | 0.44 | 80 | Energy |
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