Looking to diversify beyond LABU? The ETFs below have the lowest correlation with LABU — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LABU.
Best Diversifiers for LABU
505 ETFs have low correlation with LABU (below 0.3), 95 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.27, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | -0.10 | -0.01 | 66 | Oil & Gas | LABU vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.09 | 0.01 | 56 | Oil & Gas | LABU vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.26 | -0.09 | 0.00 | 56 | Leveraged Commodities | LABU vs UCO | |
| United States Brent Oil Fund LP | -0.26 | -0.10 | -0.01 | 65 | Oil & Gas | LABU vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | LABU vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LABU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LABU and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.04 | 0.13 | 0.15 | 59 | Consumer Defensive | |
| UnitedHealth Group Incorporated | 0.21 | 0.13 | 0.18 | 60 | Healthcare | |
| NVIDIA Corporation | 0.23 | 0.25 | 0.38 | 82 | Technology | |
| Apple Inc | 0.24 | 0.27 | 0.33 | 90 | Technology |
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