Looking to balance out your exposure to DLNG? The ETFs below have historically moved differently from DLNG, 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 DLNG
2 ETFs have low correlation with DLNG (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield ETF (VYM) (Dividend) with a 1Y correlation of -0.00, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | -0.00 | 0.17 | 0.19 | 90 | Dividend | DLNG vs VYM | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.04 | 0.14 | — | 55 | Nasdaq-100, Derivative Income | DLNG vs JEPQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DLNG, 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 Targa Resources Corp. (TRGP) (Energy) with a 1Y correlation of 0.12, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Targa Resources Corp. | 0.12 | 0.19 | 0.22 | 93 | Energy | |
| TORM plc | 0.15 | 0.17 | 0.18 | 90 | Energy | |
| Dorian LPG Ltd. | 0.21 | 0.21 | 0.21 | 88 | Energy |
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