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
323 ETFs have low correlation with DNL (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.34 | — | 52 | Cryptocurrency | DNL vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 63 | Inverse Equities | DNL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 70 | Inverse Equities, Leveraged Equities | DNL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 73 | Derivative Income | DNL vs WNTR | |
| ProShares UltraShort Yen | -0.32 | -0.20 | -0.19 | 73 | Leveraged Currency | DNL vs YCS |
See all 2071 diversifiers for DNL
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