Looking to balance out your exposure to L? The ETFs below have historically moved differently from L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for L
5 ETFs have low correlation with L (below 0.3), 1 of which are negatively correlated. The least correlated is ARK Genomic Revolution Multi-Sector ETF (ARKG) (Health & Biotech Equities) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Genomic Revolution Multi-Sector ETF | -0.03 | 0.13 | 0.22 | 56 | Health & Biotech Equities, Actively Managed | L vs ARKG | |
| VanEck Inflation Allocation ETF | 0.00 | 0.16 | 0.34 | 69 | Diversified Portfolio | L vs RAAX | |
| Vanguard S&P 500 ETF | 0.02 | 0.25 | 0.43 | 72 | S&P 500 | L vs VOO | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.25 | 0.43 | 72 | S&P 500 | L vs SPY | |
| iShares MSCI World ETF | 0.05 | 0.27 | 0.44 | 72 | Global Equities | L vs URTH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for L, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Banco Macro S.A. (BMA) (Financial Services) with a 1Y correlation of -0.07, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Banco Macro S.A. | -0.07 | 0.11 | 0.22 | 64 | Financial Services | |
| Jardine Matheson Holdings Ltd PK | 0.02 | 0.05 | 0.08 | 59 | Industrials | |
| Sumitomo Mitsui Financial Group, Inc. | 0.05 | 0.16 | 0.29 | 91 | Financial Services | |
| Morgan Stanley | 0.08 | 0.29 | 0.43 | 88 | Financial Services | |
| Exxon Mobil Corporation | 0.10 | 0.20 | 0.34 | 85 | Energy |
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