Looking to diversify beyond DLN? The ETFs below have historically moved differently from DLN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DLN
365 ETFs have low correlation with DLN (below 0.3), 47 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | DLN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 52 | Inverse Equities | DLN vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | — | — | 75 | Derivative Income | DLN vs WNTR | |
| ProShares Short Bitcoin ETF | -0.32 | -0.29 | — | 61 | Cryptocurrency | DLN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DLN vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DLN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.07, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.07 | 0.27 | 0.39 | 84 | Energy | |
| Black Stone Minerals, L.P. | 0.07 | 0.23 | 0.32 | 81 | Energy | |
| Chevron Corporation | 0.07 | 0.29 | 0.41 | 80 | Energy | |
| Sunoco LP | 0.10 | 0.26 | 0.34 | 90 | Energy | |
| Energy Transfer LP | 0.14 | 0.35 | 0.43 | 81 | Energy |
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