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
511 ETFs have low correlation with LABU (below 0.3), 88 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.24 | -0.25 | 51 | Currency | LABU vs UUP | |
| ProShares Short Bitcoin ETF | -0.30 | -0.29 | -0.30 | 57 | Cryptocurrency | LABU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | LABU vs SBIT | |
| Invesco DB Energy Fund | -0.29 | -0.13 | -0.02 | 53 | Oil & Gas | LABU vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 68 | Inverse Equities, Leveraged Equities | LABU vs MSTZ |
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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 -0.05, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.05 | 0.10 | 0.14 | 71 | Consumer Defensive | |
| NVIDIA Corporation | 0.18 | 0.25 | 0.37 | 65 | Technology | |
| Apple Inc | 0.19 | 0.28 | 0.37 | 91 | Technology | |
| UnitedHealth Group Incorporated | 0.24 | 0.14 | 0.18 | 76 | Healthcare |
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