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 VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.40, up from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.40 | 0.30 | — | 90 | Semiconductors, Technology Equities | LAES vs SMH | |
| Invesco S&P 500 Momentum ETF | 0.41 | 0.30 | — | 51 | Momentum, S&P 500 | LAES vs SPMO | |
| First Trust RBA American Industrial Renaissance ET... | 0.43 | 0.30 | — | 69 | Building & Construction | LAES vs AIRR | |
| iShares U.S. Technology ETF | 0.43 | 0.30 | — | 54 | Technology Equities | LAES vs IYW | |
| iShares Russell Midcap ETF | 0.45 | 0.31 | — | 57 | Mid Cap Blend Equities | LAES vs IWR |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.20, down from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.20 | -0.08 | — | 82 | Financial Services | |
| Duke Energy Corporation | -0.20 | -0.07 | -0.08 | 64 | Utilities | |
| Walmart Inc. | -0.18 | 0.01 | 0.01 | 69 | Consumer Defensive | |
| The Southern Company | -0.11 | -0.05 | -0.06 | 56 | Utilities | |
| PepsiCo, Inc. | -0.11 | -0.04 | — | 53 | Consumer Defensive |
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Build a portfolio that complements LAES
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