Looking to diversify beyond DRNL? The ETFs below have the lowest correlation with DRNL — 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 DRNL.
Best Diversifiers for DRNL
1 ETFs have low correlation with DRNL (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Growth Accelerated Plus ETF - April (QTAP) (Leveraged Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Growth Accelerated Plus ETF - April | 0.28 | 0.28 | 0.28 | 98 | Leveraged Equities | DRNL vs QTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.33 | 0.33 | 0.33 | 97 | Leveraged Equities, Semiconductors | DRNL vs SOXL | |
| Invesco QQQ ETF | 0.52 | 0.52 | 0.52 | 74 | Nasdaq-100 | DRNL vs QQQ |
Diversification Analysis
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