Looking to diversify beyond DNL? The ETFs below have the lowest correlation with DNL — 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 DNL.
Best Diversifiers for DNL
258 ETFs have low correlation with DNL (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.21 | -0.19 | 63 | Leveraged Currency | DNL vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.06 | 0.07 | 55 | Oil & Gas | DNL vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | DNL vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | DNL vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.07 | -0.04 | 100 | Government Bonds, Ultrashort Bond | DNL vs USFR |
See all 1948 diversifiers for DNL
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