Looking to diversify beyond LCDL? The ETFs below have the lowest correlation with LCDL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LCDL.
Best Diversifiers for LCDL
842 ETFs have low correlation with LCDL (below 0.3), 52 of which are negatively correlated. The least correlated is Twin Oak Short Horizon Absolute Return ETF (TOAK) (Multistrategy) with a 1Y correlation of -0.12, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | -0.12 | -0.14 | -0.14 | 54 | Multistrategy | LCDL vs TOAK | |
| ProShares UltraShort Yen | -0.12 | -0.05 | -0.05 | 67 | Leveraged Currency | LCDL vs YCS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.08 | -0.08 | 100 | Government Bonds, Ultrashort Bond | LCDL vs BIL | |
| TCW AAA CLO ETF | -0.11 | — | — | 99 | CLO | LCDL vs ACLO | |
| Breakwave Tanker Shipping ETF | -0.10 | -0.08 | -0.08 | 99 | Commodities | LCDL vs BWET |
See all 1992 diversifiers for LCDL
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