Looking to balance out your exposure to LAES? The ETFs below have the lowest correlation with LAES — they tend to move on their own, which can help reduce risk when LAES drops. The stock ideas table highlights individual companies that behave independently from LAES.
Best Diversifiers for LAES
0 ETFs have low correlation with LAES (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust RBA American Industrial Renaissance ETF (AIRR) (Building & Construction) with a 1Y correlation of 0.39, up from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust RBA American Industrial Renaissance ET... | 0.39 | 0.29 | 0.29 | 78 | Building & Construction | LAES vs AIRR | |
| VanEck Semiconductor ETF | 0.40 | 0.30 | — | 96 | Semiconductors, Technology Equities | LAES vs SMH | |
| Invesco S&P 500 Momentum ETF | 0.40 | 0.28 | 0.29 | 75 | Momentum, S&P 500 | LAES vs SPMO | |
| iShares U.S. Technology ETF | 0.41 | 0.30 | 0.29 | 75 | Technology Equities | LAES vs IYW | |
| iShares Expanded Tech Sector ETF | 0.43 | 0.31 | — | 79 | Technology Equities | LAES vs IGM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LAES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LAES and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.19 | 0.01 | 0.02 | 63 | Consumer Defensive | |
| Chubb Limited | -0.19 | -0.07 | -0.06 | 51 | Financial Services | |
| Duke Energy Corporation | -0.18 | -0.08 | -0.08 | 53 | Utilities | |
| Johnson & Johnson | -0.12 | -0.04 | -0.04 | 92 | Healthcare | |
| Verizon Communications Inc. | -0.09 | -0.02 | -0.02 | 59 | Communication Services |
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Build a portfolio that complements LAES
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