Looking to balance out your exposure to LE? The ETFs below have the lowest correlation with LE — they tend to move on their own, which can help reduce risk when LE drops. The stock ideas table highlights individual companies that behave independently from LE.
Best Diversifiers for LE
1 ETFs have low correlation with LE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.28 | 0.30 | 0.37 | 76 | Technology Equities | LE vs VGT | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.36 | 0.41 | 74 | S&P 500 | LE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LE and solid risk/return profiles. The least correlated is The TJX Companies, Inc. (TJX) (Consumer Cyclical) with a 1Y correlation of 0.13, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The TJX Companies, Inc. | 0.13 | 0.19 | 0.29 | 79 | Consumer Cyclical | |
| Loews Corporation | 0.15 | 0.17 | 0.24 | 75 | Financial Services | |
| Apple Inc | 0.25 | 0.23 | 0.29 | 90 | Technology |
Build a portfolio that complements LE
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