Looking to balance out your exposure to LASR? The ETFs below have the lowest correlation with LASR — they tend to move on their own, which can help reduce risk when LASR drops. The stock ideas table highlights individual companies that behave independently from LASR.
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 0.42, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.42 | 0.39 | 0.42 | 90 | South Korea Equities, Asia Pacific Equities | LASR vs EWY | |
| VanEck Semiconductor ETF | 0.58 | 0.54 | 0.57 | 92 | Semiconductors, Technology Equities | LASR vs SMH | |
| Invesco Semiconductors ETF | 0.66 | 0.61 | 0.62 | 93 | Semiconductors, Technology Equities | LASR vs PSI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LASR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LASR and solid risk/return profiles. The least correlated is AxoGen, Inc. (AXGN) (Healthcare) with a 1Y correlation of 0.08, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AxoGen, Inc. | 0.08 | 0.20 | 0.30 | 98 | Healthcare | |
| uniQure N.V. | 0.08 | 0.20 | 0.28 | 83 | Healthcare | |
| Commercial International Bank | 0.08 | 0.09 | 0.08 | 86 | Financial Services | |
| Insmed Incorporated | 0.09 | 0.17 | 0.27 | 52 | Healthcare | |
| Indivior PLC Ordinary Shares | 0.09 | 0.18 | 0.13 | 98 | Healthcare |
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