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
360 ETFs have low correlation with LEGR (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.06 | 0.10 | 71 | Oil & Gas | LEGR vs DBE | |
| United States Oil Fund LP | -0.32 | -0.06 | 0.09 | 66 | Oil & Gas | LEGR vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.05 | 0.08 | 65 | Oil & Gas | LEGR vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | -0.08 | -0.08 | 56 | Derivative Income | LEGR vs USOY | |
| Invesco DB Oil Fund | -0.28 | -0.04 | 0.10 | 65 | Oil & Gas | LEGR vs DBO |
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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 0.09, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ascendis Pharma A/S | 0.09 | 0.20 | 0.28 | 65 | Healthcare | |
| Endesa SA ADR | 0.13 | 0.17 | 0.24 | 83 | Utilities | |
| Erasca, Inc. | 0.16 | 0.22 | — | 98 | Healthcare | |
| Hycroft Mining Holding Corporation | 0.25 | 0.27 | 0.29 | 97 | Basic Materials | |
| Novartis AG | 0.27 | 0.24 | 0.29 | 75 | Healthcare |
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Build a portfolio that complements LEGR
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