Looking to balance out your exposure to LEG? The ETFs below have historically moved differently from LEG, 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 LEG
0 ETFs have low correlation with LEG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.38, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.38 | 0.35 | 0.45 | 68 | S&P 500 | LEG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.35 | 0.46 | 67 | S&P 500 | LEG vs SPY | |
| iShares Core S&P Total U.S. Stock Market ETF | 0.41 | 0.38 | 0.48 | 67 | Large Cap Blend Equities | LEG vs ITOT | |
| Vanguard Total Stock Market ETF | 0.42 | 0.38 | 0.48 | 67 | Large Cap Blend Equities | LEG vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.42 | 0.51 | 0.57 | 95 | Dividend | LEG vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LEG, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.07, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.07 | 0.12 | 0.23 | 81 | Energy | |
| Canadian Utilities Limited | -0.05 | 0.06 | 0.11 | 98 | Utilities | |
| Altria Group, Inc. | -0.05 | 0.06 | 0.16 | 66 | Consumer Defensive | |
| Enbridge Inc. | 0.01 | 0.13 | 0.26 | 85 | Energy | |
| The Coca-Cola Company | 0.01 | 0.13 | 0.21 | 90 | Consumer Defensive |
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