Looking to balance out your exposure to LE? The ETFs below have historically moved differently from LE, 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 LE
2 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 0.20, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.20 | 0.27 | 0.35 | 52 | Technology Equities | LE vs VGT | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.34 | 0.40 | 67 | S&P 500 | LE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LE, 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 Loews Corporation (L) (Financial Services) with a 1Y correlation of 0.13, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loews Corporation | 0.13 | 0.16 | 0.22 | 88 | Financial Services | |
| MPLX LP | 0.18 | 0.18 | 0.19 | 79 | Energy | |
| The TJX Companies, Inc. | 0.19 | 0.20 | 0.29 | 83 | Consumer Cyclical | |
| Apple Inc | 0.24 | 0.24 | 0.29 | 89 | Technology |
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