Looking to diversify beyond LEGR? The ETFs below have the lowest correlation with LEGR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LEGR.
Best Diversifiers for LEGR
344 ETFs have low correlation with LEGR (below 0.3), 68 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 60 | Inverse Equities | LEGR vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | LEGR vs SBIT | |
| ProShares Short Bitcoin ETF | -0.45 | -0.36 | -0.39 | 57 | Cryptocurrency | LEGR vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | LEGR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | LEGR vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LEGR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LEGR and solid risk/return profiles. The least correlated is Ascendis Pharma A/S (ASND) (Healthcare) with a 1Y correlation of 0.07, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ascendis Pharma A/S | 0.07 | 0.18 | 0.27 | 83 | Healthcare | |
| Endesa SA ADR | 0.12 | 0.15 | 0.23 | 91 | Utilities | |
| Erasca, Inc. | 0.17 | 0.24 | — | 99 | Healthcare | |
| Novartis AG | 0.22 | 0.22 | 0.28 | 82 | Healthcare | |
| Corvus Pharmaceuticals, Inc. | 0.28 | 0.30 | 0.30 | 92 | Healthcare |
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