Looking to diversify beyond LABX? The ETFs below have the lowest correlation with LABX — 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 LABX.
Best Diversifiers for LABX
0 ETFs have low correlation with LABX (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator U.S. Equity Accelerated Plus ETF (XTAP) (Leveraged Equities) with a 1Y correlation of 0.31, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 0.31 | 0.31 | 0.31 | 98 | Leveraged Equities | LABX vs XTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.36 | 0.36 | — | 72 | Leveraged Equities | LABX vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 0.40 | 0.40 | — | 68 | Leveraged Equities | LABX vs QTJL |
Diversification Analysis
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