Looking to balance out your exposure to LEA? The ETFs below have historically moved differently from LEA, 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 LEA
0 ETFs have low correlation with LEA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.43, roughly unchanged from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.43 | 0.45 | 0.53 | 67 | S&P 500 | LEA vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LEA, 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 Ionis Pharmaceuticals, Inc. (IONS) (Healthcare) 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 | Sector |
|---|---|---|---|---|---|---|
| Ionis Pharmaceuticals, Inc. | 0.15 | 0.24 | 0.24 | 60 | Healthcare | |
| Tyson Foods, Inc. | 0.15 | 0.24 | 0.30 | 62 | Consumer Defensive | |
| ManpowerGroup Inc. | 0.17 | 0.40 | 0.49 | 63 | Industrials | |
| The Cigna Group | 0.18 | 0.17 | 0.21 | 51 | Healthcare | |
| Dollar General Corporation | 0.21 | 0.21 | 0.20 | 62 | Consumer Defensive |
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