Looking to balance out your exposure to LEG? The ETFs below have the lowest correlation with LEG — they tend to move on their own, which can help reduce risk when LEG drops. The stock ideas table highlights individual companies that behave independently from LEG.
Best Diversifiers for LEG
0 ETFs have low correlation with LEG (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 0.41, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.35 | 0.46 | 66 | S&P 500 | LEG vs SPY | |
| Vanguard S&P 500 ETF | 0.41 | 0.35 | 0.46 | 66 | S&P 500 | LEG vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.44 | 0.51 | 0.58 | 86 | Dividend | LEG vs SCHD | |
| Vanguard Total Stock Market ETF | 0.44 | 0.39 | 0.49 | 66 | Large Cap Blend Equities | LEG vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LEG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LEG and solid risk/return profiles. The least correlated is Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of -0.07, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.07 | 0.05 | 0.11 | 96 | Utilities | |
| Altria Group, Inc. | -0.06 | 0.06 | 0.17 | 81 | Consumer Defensive | |
| NIO Inc. | -0.05 | 0.13 | 0.23 | 59 | Consumer Cyclical | |
| Enbridge Inc. | -0.01 | 0.12 | 0.26 | 88 | Energy | |
| Verizon Communications Inc. | -0.00 | 0.13 | 0.19 | 57 | Communication Services |
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