Looking to balance out your exposure to DLNG? The ETFs below have the lowest correlation with DLNG — they tend to move on their own, which can help reduce risk when DLNG drops. The stock ideas table highlights individual companies that behave independently from DLNG.
Best Diversifiers for DLNG
2 ETFs have low correlation with DLNG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield ETF (VYM) (Dividend) with a 1Y correlation of 0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | 0.02 | 0.17 | 0.20 | 77 | Dividend | DLNG vs VYM | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.04 | 0.14 | — | 74 | Nasdaq-100, Derivative Income | DLNG vs JEPQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DLNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DLNG and solid risk/return profiles. The least correlated is TORM plc (TRMD) (Energy) with a 1Y correlation of 0.12, roughly unchanged from 0.18 over 5 years.
Build a portfolio that complements DLNG
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