Looking to diversify beyond LEAD? The ETFs below have historically moved differently from LEAD, 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 LEAD
415 ETFs have low correlation with LEAD (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.31 | — | 51 | Cryptocurrency | LEAD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 69 | Derivative Income | LEAD vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.09 | 0.06 | 66 | Oil & Gas | LEAD vs DBE | |
| Invesco DB Oil Fund | -0.17 | -0.06 | 0.06 | 51 | Oil & Gas | LEAD vs DBO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.17 | -0.15 | -0.09 | 51 | Nontraditional Bonds | LEAD vs RISR |
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