Looking to balance out your exposure to LASR? The ETFs below have historically moved differently from LASR, 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 LASR
0 ETFs have low correlation with LASR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (South Korea Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.45 | 0.40 | 0.42 | 86 | South Korea Equities, Asia Pacific Equities | LASR vs EWY | |
| VanEck Semiconductor ETF | 0.61 | 0.55 | 0.57 | 87 | Semiconductors, Technology Equities | LASR vs SMH | |
| Invesco Semiconductors ETF | 0.70 | 0.63 | 0.62 | 90 | Semiconductors, Technology Equities | LASR vs PSI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LASR, 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 Commercial International Bank (CIBEY) (Financial Services) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Commercial International Bank | 0.08 | 0.09 | 0.08 | 81 | Financial Services | |
| uniQure N.V. | 0.09 | 0.21 | 0.28 | 84 | Healthcare | |
| AxoGen, Inc. | 0.11 | 0.20 | 0.29 | 98 | Healthcare | |
| Indivior PLC Ordinary Shares | 0.11 | 0.18 | 0.13 | 95 | Healthcare | |
| Mineralys Therapeutics Inc. Common Stock | 0.13 | 0.19 | — | 77 | Healthcare |
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