Looking to diversify beyond LBAY? The ETFs below have historically moved differently from LBAY, 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 LBAY
2018 ETFs have low correlation with LBAY (below 0.3), 985 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of -0.42, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.42 | -0.18 | 0.02 | 52 | Technology Equities | LBAY vs FTEC | |
| Roundhill Generative AI & Technology ETF | -0.41 | -0.20 | — | 66 | Artificial Intelligence, Technology Equities | LBAY vs CHAT | |
| TCW Artificial Intelligence ETF | -0.41 | — | — | 73 | Artificial Intelligence, Technology Equities | LBAY vs AIFD | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.41 | -0.16 | — | 59 | Artificial Intelligence, Technology Equities | LBAY vs WTAI | |
| iShares Global Tech ETF | -0.41 | -0.18 | 0.02 | 63 | Technology Equities | LBAY vs IXN |
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