Looking to balance out your exposure to LEA? The ETFs below have the lowest correlation with LEA — they tend to move on their own, which can help reduce risk when LEA drops. The stock ideas table highlights individual companies that behave independently from LEA.
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 0.44, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.44 | 0.43 | 0.53 | 74 | S&P 500 | LEA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LEA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LEA and solid risk/return profiles. The least correlated is Ionis Pharmaceuticals, Inc. (IONS) (Healthcare) with a 1Y correlation of 0.21, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ionis Pharmaceuticals, Inc. | 0.21 | 0.24 | 0.24 | 93 | Healthcare | |
| Intel Corporation | 0.30 | 0.31 | 0.37 | 98 | Technology | |
| Nucor Corporation | 0.41 | 0.43 | 0.43 | 96 | Basic Materials | |
| The PNC Financial Services Group, Inc. | 0.49 | 0.53 | 0.56 | 78 | Financial Services | |
| Donaldson Company, Inc. | 0.54 | 0.54 | 0.57 | 63 | Industrials |
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