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49 Stocks and 51 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 -0.9259.

Stocks that lowly correlated with DKNG

SymbolName
Market cap
SectorIndustry
Correlation
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.93
GCIGannett Co., Inc.$1.41BCommunication ServicesPublishing-0.88
SZZLRSizzle Acquisition Corp II$1.07MN/AN/A-0.74
SDHISiddhi Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.71
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.67
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.67
TVACUTexas Ventures Acquisition III Corp - Units (1 Ord Cls A & 1/2 War)$71MFinancial ServicesShell Companies-0.62
DAAQDigital Asset Acquisition Corp - Class A$178MFinancial ServicesShell Companies-0.57
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.57
NPACNew Providence Acquisition Corp III - Class A$397MFinancial ServicesShell Companies-0.57
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.54
LIONULionheart III Corp - Units (1 Ord Share Class A & 1/2 War)$113MN/AN/A-0.53
GTENGores Holdings X Inc - Class A$466MFinancial ServicesShell Companies-0.53
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.50
PFAIPinnacle Food Group Ltd - Class A$46MConsumer DefensiveFarm Products-0.50
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.50
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.48
WTFWaton Financial Ltd$141MFinancial ServicesCapital Markets-0.48
MLACUMountain Lake Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$48MN/AN/A-0.48
TVATexas Ventures Acquisition III Corp - Class A$236MFinancial ServicesShell Companies-0.47
NEE-P-TNextEra Energy Inc 7.234 Corporate Units$105BN/AN/A-0.47
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.47
NUAINew Era Energy & Digital Inc$221MTechnologySoftware - Infrastructure-0.47
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.46
NEE-P-SNextEra Energy Inc 7.299 Corporate Units$113BN/AN/A-0.46
DTSQDT Cloud Star Acquisition Corp$70MFinancial ServicesShell Companies-0.46
MLACRMountain Lake Acquisition Corp$7.99MN/AN/A-0.45
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.45
KMTSKestra Medical Technologies Ltd$1.23BHealthcareMedical Instruments & Supplies-0.44
ALPSAlpine Summit Energy Partners Inc$24MN/AOil & Gas-0.43
OAKUOak Woods Acquisition Corp - Class A$44MFinancial ServicesShell Companies-0.43
NVANova Minerals Ltd$296MBasic MaterialsOther Industrial Metals & Mining-0.43
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.43
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.42
BKHAUBlack Hawk Acquisition Corp - Units (1 Ord Share Cls A & 1/5 Rts )$39MFinancial ServicesShell Companies-0.41
DYCQUDT Cloud Acquisition Corp - Units (1 Ord & 1 Right)$26MFinancial ServicesShell Companies-0.40
JFBJFB Construction Holdings$69MReal EstateReal Estate - Development-0.40
CMDBCostamare Bulkers Holdings Ltd$409MIndustrialsMarine Shipping-0.39
NAMMNamib Minerals.$77MBasic MaterialsGold-0.39
UBXGU-BX Technology Ltd$37MTechnologySoftware - Infrastructure-0.39
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.39
EGHAEGH Acquisition Corp - Class A$212MFinancial ServicesShell Companies-0.38
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.38
BEAGUBold Eagle Acquisition Corp - Units (1Ord Cls A & 1 Rts)$54MFinancial ServicesShell Companies-0.37
PTLEPTL Ltd$70MConsumer CyclicalSpecialty Retail-0.37
XHLDTEN Holdings Inc$5.69MCommunication ServicesBroadcasting-0.36
LNKSLinkers Industries Ltd - Class A$16MIndustrialsElectrical Equipment & Parts-0.36
ANLAdlai Nortye Ltd$317MHealthcareBiotechnology-0.36
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.36

ETFs that lowly correlated with DKNG

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.61
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.59
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.59
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.58
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.57
PLTDT-REX 2X INVERSE PLTR DAILY TARGET ETF $29M0.98%Dec 10, 2024-0.57
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.54
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.52
VTELVanguard LongTerm TaxExempt Bond ETF$259M0.09%May 20, 2025-0.51
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.51
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.50
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.50
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.50
PLTZDefiance Daily Target 2x Short PLTR ETF$29MN/AJun 5, 2025-0.48
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.48
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.48
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.48
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.47
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.46
BITIProShares Short Bitcoin ETF$187M1.01%Jun 21, 2022-0.46
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.45
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.45
MUNYVanguard New York TaxExempt Bond ETF$372M0.09%May 20, 2025-0.45
FNGDBank of Montreal$68MN/AJan 22, 2018-0.44
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.44
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.44
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.44
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.44
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.44
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.43
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.43
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.43
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.43
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.42
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.42
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.42
REFAINVESCO INTERNATIONAL REVENUE ETF$5.40M0.32%Dec 11, 2025-0.42
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.42
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.40
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.40
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.40
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.39
IAUINEOS GOLD HIGH INCOME ETF $427M0.79%Jun 4, 2025-0.39
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.39
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.39
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.38
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.38
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.37
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.36
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.36
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.36