Looking to diversify beyond LABU? The ETFs below have historically moved differently from LABU, 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 LABU
601 ETFs have low correlation with LABU (below 0.3), 107 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.30 | — | 61 | Cryptocurrency | LABU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | LABU vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | LABU vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 52 | Inverse Equities | LABU vs SMST | |
| United States Oil Fund LP | -0.28 | -0.12 | -0.02 | 55 | Oil & Gas | LABU vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LABU, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.09 | 0.14 | 62 | Consumer Defensive | |
| Apple Inc | 0.18 | 0.27 | 0.37 | 89 | Technology | |
| NVIDIA Corporation | 0.21 | 0.25 | 0.37 | 56 | Technology | |
| UnitedHealth Group Incorporated | 0.23 | 0.14 | 0.18 | 86 | Healthcare |
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