Looking to balance out your exposure to L? The ETFs below have the lowest correlation with L — they tend to move on their own, which can help reduce risk when L drops. The stock ideas table highlights individual companies that behave independently from L.
Best Diversifiers for L
5 ETFs have low correlation with L (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Genomic Revolution Multi-Sector ETF (ARKG) (Health & Biotech Equities) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Genomic Revolution Multi-Sector ETF | 0.02 | 0.14 | 0.22 | 57 | Health & Biotech Equities, Actively Managed | L vs ARKG | |
| VanEck Inflation Allocation ETF | 0.05 | 0.17 | 0.35 | 72 | Diversified Portfolio | L vs RAAX | |
| State Street SPDR S&P 500 ETF | 0.07 | 0.26 | 0.44 | 70 | S&P 500 | L vs SPY | |
| Vanguard S&P 500 ETF | 0.08 | 0.27 | 0.44 | 70 | S&P 500 | L vs VOO | |
| iShares MSCI World ETF | 0.10 | 0.28 | 0.45 | 68 | Global Equities | L vs URTH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to L and solid risk/return profiles. The least correlated is Banco Macro S.A. (BMA) (Financial Services) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Banco Macro S.A. | -0.03 | 0.13 | 0.23 | 71 | Financial Services | |
| Jardine Matheson Holdings Ltd PK | 0.04 | 0.05 | 0.09 | 67 | Industrials | |
| Sumitomo Mitsui Financial Group, Inc. | 0.08 | 0.17 | 0.30 | 95 | Financial Services | |
| Exxon Mobil Corporation | 0.09 | 0.21 | 0.34 | 77 | Energy | |
| General Electric Company | 0.12 | 0.23 | 0.39 | 76 | Industrials |
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Build a portfolio that complements L
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