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 Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.43, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.43 | 0.35 | 0.47 | 70 | S&P 500 | LEG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.35 | 0.47 | 70 | S&P 500 | LEG vs SPY | |
| Vanguard Total Stock Market ETF | 0.46 | 0.39 | 0.50 | 68 | Large Cap Blend Equities | LEG vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.50 | 0.53 | 0.59 | 80 | Dividend | LEG vs SCHD |
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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.08 | 0.19 | 69 | Consumer Defensive | |
| Canadian Utilities Limited | -0.06 | 0.05 | 0.11 | 90 | Utilities | |
| TC Energy Corporation | 0.00 | 0.14 | 0.25 | 87 | Energy | |
| NIO Inc. | 0.01 | 0.14 | 0.24 | 67 | Consumer Cyclical | |
| Verizon Communications Inc. | 0.07 | 0.15 | 0.20 | 59 | Communication Services |
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