Looking to balance out your exposure to LAUR? The ETFs below have historically moved differently from LAUR, 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 LAUR
2 ETFs have low correlation with LAUR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.15, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.15 | 0.21 | 0.24 | 90 | Semiconductors, Technology Equities | LAUR vs SOXX | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.33 | 0.33 | 78 | S&P 500 | LAUR vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LAUR, 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 Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | 0.01 | 0.15 | 0.21 | 88 | Real Estate | |
| Elbit Systems Ltd. | 0.05 | 0.09 | 0.13 | 86 | Industrials | |
| American Healthcare REIT, Inc. | 0.07 | 0.19 | 0.19 | 88 | Real Estate | |
| Welltower Inc. | 0.08 | 0.19 | 0.22 | 88 | Real Estate | |
| UnitedHealth Group Incorporated | 0.09 | 0.05 | 0.11 | 88 | Healthcare |
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