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High CorrelationLow Correlation

55 Stocks and 45 ETFs for diversifying DraftKings (DKNG)

The least correlated asset to DraftKings (DKNG) is company Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL). The correlation is -0.915.

Stocks that lowly correlated with DKNG

SymbolName
Market cap
SectorIndustry
Correlation
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.92
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-0.88
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.67
SDHISiddhi Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.66
WTGURWintergreen Acquisition Corp$237KN/AN/A-0.66
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.65
SZZLRSizzle Acquisition Corp II$1.47MN/AN/A-0.65
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.65
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.62
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.62
TVACUTexas Ventures Acquisition III Corp - Units (1 Ord Cls A & 1/2 War)$73MFinancial ServicesShell Companies-0.61
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies-0.60
ALMAlma Metals Limited$3.90BBasic MaterialsOther Industrial Metals & Mining-0.59
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.59
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies-0.57
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.57
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.55
EVACEDWARDS GROUP LTD Foreign$597MFinancial ServicesShell Companies-0.55
OFSSOOFS Capital Corp$341MN/AN/A-0.55
NPACNew Providence Acquisition Corp III - Class A$398MFinancial ServicesShell Companies-0.53
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.53
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.51
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.51
PFAIPinnacle Food Group Ltd - Class A$43MConsumer DefensiveFarm Products-0.50
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.50
WTFWaton Financial Ltd$132MFinancial ServicesCapital Markets-0.50
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies-0.50
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.50
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.49
NEE-P-TNextEra Energy Inc 7.234 Corporate Units$106BN/AN/A-0.49
VNMEVendome Acquisition Corporation I$254MFinancial ServicesShell Companies-0.49
WENNWen Acquisition Corp - Class A$310MFinancial ServicesShell Companies-0.48
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.48
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services-0.48
NEE-P-SNextEra Energy Inc 7.299 Corporate Units$113BN/AN/A-0.48
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.48
MKLYUMcKinley Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$59MFinancial ServicesShell Companies-0.48
TVATexas Ventures Acquisition III Corp - Class A$237MFinancial ServicesShell Companies-0.47
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.47
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies-0.47
NUAINew Era Energy & Digital Inc$221MTechnologySoftware - Infrastructure-0.46
BUUUBUUU Group Ltd - Class A$293MIndustrialsSpecialty Business Services-0.45
WSBKWinchester Bancorp Inc$121MFinancial ServicesBanks - Regional-0.45
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.45
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.45
GTENGores Holdings X Inc - Class A$471MFinancial ServicesShell Companies-0.44
MLACRMountain Lake Acquisition Corp$7.99MN/AN/A-0.44
HBNBHotel101 Global Holdings Corp$1.31BReal EstateReal Estate Services-0.44
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.44
MLACUMountain Lake Acquisition Corp - Units (1 Ord Cls A & 1Rts)$48MN/AN/A-0.43
ALPSAlpine Summit Energy Partners Inc$24MN/AOil & Gas-0.43
OAKUOak Woods Acquisition Corp - Class A$44MFinancial ServicesShell Companies-0.43
CMDBCostamare Bulkers Holdings Ltd$485MIndustrialsMarine Shipping-0.42
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.42
RDAGRepublic Digital Acquisition Co. - Class A$311MFinancial ServicesShell Companies-0.42

ETFs that lowly correlated with DKNG

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.75
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.73
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.73
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.66
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.61
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.59
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.58
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.57
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.57
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.53
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $47M0.98%Dec 10, 2024-0.52
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.52
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.51
RCTRFIRST TRUST BLOOMBERG NUCLEAR POWER ETF $27M0.70%Jul 29, 2025-0.50
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.50
TLTXGLOBAL X TREASURY BOND ENHANCED INCOME ETF $14M0.29%Jul 15, 2025-0.50
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.50
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.49
MUNDNORTHERN TRUST 2055 TAX-EXEMPT DISTRIBUTING LADDER ETF $4.20M0.18%Aug 18, 2025-0.49
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.48
GSKHGSK PLC ADRHEDGED $737K0.19%Jan 6, 2025-0.48
EVMOEATON VANCE MORTGAGE OPPORTUNITIES ETF $882M0.45%Jul 28, 1997-0.47
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.47
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.47
VTELVANGUARD LONG-TERM TAX-EXEMPT BOND ETF ETF SHARES$288M0.09%May 20, 2025-0.46
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.46
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.45
TIPCNORTHERN TRUST 2045 INFLATION-LINKED DISTRIBUTING LADDER ETF $3M0.10%Aug 18, 2025-0.45
XOMXDirexion Daily XOM Bull 2X Shares$7.80MN/AApr 22, 2025-0.44
PLTZDefiance Daily Target 2x Short PLTR ETF$13MN/AJun 5, 2025-0.44
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.44
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.44
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.43
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.43
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.43
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.43
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.43
MUNCNORTHERN TRUST 2045 TAX-EXEMPT DISTRIBUTING LADDER ETF $8.20M0.18%Aug 18, 2025-0.43
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.43
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.43
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.42
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.42
CPAGFm Compoundr U.S. Aggregate Bond ETF$288M0.31%Aug 11, 2025-0.42
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.42
KGLDKurv Gold Enhanced Income ETF$97M1.00%Jul 7, 2025-0.42