Looking to balance out your exposure to LAB? The ETFs below have the lowest correlation with LAB — they tend to move on their own, which can help reduce risk when LAB drops. The stock ideas table highlights individual companies that behave independently from LAB.
Best Diversifiers for LAB
1 ETFs have low correlation with LAB (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.30 | 0.24 | — | 69 | Technology Equities | LAB vs XLK |
Diversification Analysis
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