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 Invesco S&P 500 Momentum ETF (SPMO) (Momentum) 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 |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.40 | 0.30 | — | 68 | Momentum, S&P 500 | LAES vs SPMO | |
| VanEck Semiconductor ETF | 0.41 | 0.31 | — | 94 | Semiconductors, Technology Equities | LAES vs SMH | |
| First Trust RBA American Industrial Renaissance ET... | 0.41 | 0.30 | — | 79 | Building & Construction | LAES vs AIRR | |
| iShares U.S. Technology ETF | 0.43 | 0.31 | — | 59 | Technology Equities | LAES vs IYW | |
| iShares Expanded Tech Sector ETF | 0.45 | 0.32 | — | 61 | 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.22, down from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.22 | -0.08 | — | 69 | Financial Services | |
| Walmart Inc. | -0.21 | 0.01 | 0.01 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.20 | -0.08 | -0.08 | 62 | Utilities | |
| Johnson & Johnson | -0.13 | -0.05 | -0.05 | 96 | Healthcare | |
| The Southern Company | -0.12 | -0.06 | -0.05 | 55 | Utilities |
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Build a portfolio that complements LAES
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