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53 Stocks and 47 ETFs for diversifying Danaos (DAC)

The least correlated asset to Danaos (DAC) is ETF SHPU (DIREXION DAILY SHOP BULL 2X ETF). The correlation is -0.8287.

Stocks that lowly correlated with DAC

SymbolName
Market cap
SectorIndustry
Correlation
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.82
GTERRGloba Terra Acquisition Corporation Rights$407KN/AN/A-0.73
CCCXChurchill Capital Corp X - Class A$570MFinancial ServicesShell Companies-0.73
PMIPicard Medical Inc$11MHealthcareMedical Devices-0.72
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services-0.68
CCIIUCohen Circle Acquisition Corp II - Units (1 Ord Cls A & 1/4 War)$80MFinancial ServicesShell Companies-0.66
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.65
PLTN/A$508MN/AN/A-0.63
EFTYEtoiles Capital Group Co Ltd - Class A$287MIndustrialsConsulting Services-0.62
IBGInnovation Beverage Group Ltd$1.60MConsumer DefensiveBeverages - Wineries & Distilleries-0.59
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.58
TVATexas Ventures Acquisition III Corp - Class A$237MFinancial ServicesShell Companies-0.57
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.55
NVSAUNew Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$350MN/AN/A-0.54
DGNXDiginex Ltd$28MIndustrialsConsulting Services-0.54
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.53
OHPAOrion Acquisition Corp - Class A$417MN/AN/A-0.53
TSIBUTishman Speyer Innovation Corp II - Units (1 Ord Share Class A & 1/5 War)$301MN/AN/A-0.52
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.52
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.52
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies-0.51
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.50
EPOWE-Power Inc - Class A$19MIndustrialsElectrical Equipment & Parts-0.50
GTENGores Holdings X Inc - Class A$471MFinancial ServicesShell Companies-0.50
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.49
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.49
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.49
CCVChurchill Capital Corp V - Class A$284MN/AN/A-0.49
HXHXHaoxin Holdings Ltd - Class A$7.65MIndustrialsIntegrated Freight & Logistics-0.48
WTGURWintergreen Acquisition Corp$237KN/AN/A-0.48
FTAAFTAC Athena Acquisition Corp - Class A$261MN/AN/A-0.48
MLACRMountain Lake Acquisition Corp$7.99MN/AN/A-0.48
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies-0.48
IPEXRInflection Point Acquisition Corp V$1.82MN/AN/A-0.47
BACQBleichroeder Acquisition Corp I - Class A$545MFinancial ServicesShell Companies-0.47
SDACUSustainable Development Acquisition I Corp - Units (1 Ord Class A & 1/2 War)$210MN/AN/A-0.46
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies-0.46
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.45
SZZLRSizzle Acquisition Corp II$1.47MN/AN/A-0.45
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies-0.45
GIGGigCapital7 Corp - Class A$353MFinancial ServicesShell Companies-0.44
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.43
BBOTBridgeBio Oncology Therapeutics Inc Com$674MHealthcareBiotechnology-0.43
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.43
CHPGUChampionsGate Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.43
AIMAIM ImmunoTech Inc.$12MHealthcareBiotechnology-0.42
OTFBlue Owl Technology Finance Corp$4.79BFinancial ServicesAsset Management-0.42
SLVRUSilverSPAC Inc - Units (1 Ord Share Class A & 1/4 War)$328MN/AN/A-0.42
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.41
DLCAUDeep Lake Capital Acquisition Corp - Units (1 Ord Class A & 1/2 War)$262MN/AN/A-0.41
TVACUTexas Ventures Acquisition III Corp - Units (1 Ord Cls A & 1/2 War)$73MFinancial ServicesShell Companies-0.41
VCICVine Hill Capital Investment Corp - Class A$71MFinancial ServicesShell Companies-0.41
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.41

ETFs that lowly correlated with DAC

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.83
RBLYYIELDMAX(R) RBLX OPTION INCOME STRATEGY ETF $2.40M0.99%Jul 28, 2025-0.67
HOOWROUNDHILL HOOD WEEKLYPAY ETF $146MN/AJun 17, 2025-0.66
RGTUTRADR 2X LONG RGTI DAILY ETF $14MN/AJun 23, 2025-0.57
ASTXTradr 2X Long ASTS Daily ETF$602MN/AJul 10, 2025-0.56
TEMTTRADR 2X LONG TEM DAILY ETF $56MN/AMay 12, 2025-0.54
HOOYYIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF $133M0.99%May 7, 2025-0.53
XLVISTATE STREET(R) HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$16M0.35%Jul 29, 2025-0.51
VTELVANGUARD LONG-TERM TAX-EXEMPT BOND ETF ETF SHARES$288M0.09%May 20, 2025-0.49
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.48
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.48
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.48
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.48
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.47
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.47
IBGLISHARES IBONDS DEC 2055 TERM TREASURY ETF $6M0.07%Mar 25, 2025-0.46
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.46
ILSBROOKMONT CATASTROPHIC BOND ETF $77M1.58%Mar 31, 2025-0.46
MUNYVANGUARD NEW YORK TAX-EXEMPT BOND ETF ETF SHARES$447M0.09%May 20, 2025-0.45
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.45
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.44
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.44
OKLLDefiance Daily Target 2x Long OKLO ETF$208MN/AJun 23, 2025-0.44
CPAGFm Compoundr U.S. Aggregate Bond ETF$288M0.31%Aug 11, 2025-0.44
TLTXGLOBAL X TREASURY BOND ENHANCED INCOME ETF $14M0.29%Jul 15, 2025-0.44
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.44
TAXTNORTHERN TRUST TAX-EXEMPT BOND ETF $61M0.05%Aug 18, 2025-0.43
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.43
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.43
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.43
BFJLFT VEST BITCOIN STRATEGY FLOOR15 ETF - JULY $3.30M0.90%Jun 27, 2025-0.43
BLTDBLUEMONTE LONG TERM BOND ETF $166M0.23%Jun 20, 2025-0.43
DVXVWEBs Defined Volatility XLV ETF$480K0.89%Jul 22, 2025-0.43
IBTQISHARES IBONDS DEC 2035 TERM TREASURY ETF $236M0.07%Mar 25, 2025-0.43
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.42
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.42
VSTLDEFIANCE DAILY TARGET 2X LONG VST ETF $12MN/AJul 21, 2025-0.42
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.42
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.42
WCPBWeitz Core Plus Bond ETF$210M0.45%Aug 12, 2025-0.42
FGSIFT VEST GROWTH STRENGTH & TARGET INCOME ETF $3M0.85%Jun 25, 2025-0.42
IBGBISHARES IBONDS DEC 2045 TERM TREASURY ETF $9.70M0.07%Mar 25, 2025-0.41
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.41
EVMOEATON VANCE MORTGAGE OPPORTUNITIES ETF $882M0.45%Jul 28, 1997-0.41
CBXYCalamos Bitcoin 90 Series Structured Alt Protection ETF July$5.50M0.69%Jul 7, 2025-0.41
GTOCInvesco Core Fixed Income ETF$350M0.26%Jul 21, 2025-0.40
KMAYInnovator U.S. Small Cap Power Buffer ETF May$55M0.79%Apr 30, 2025-0.40