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
288 ETFs have low correlation with LEGR (below 0.3), 43 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.27 | -0.05 | 0.08 | 55 | Oil & Gas | LEGR vs UGA | |
| ProShares UltraShort Yen | -0.25 | -0.13 | -0.10 | 63 | Leveraged Currency | LEGR vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | LEGR vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | LEGR vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 95 | Inflation-Protected Bonds | LEGR vs IBID |
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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 | 72 | Healthcare | |
| Endesa SA ADR | 0.12 | 0.16 | 0.23 | 84 | Utilities | |
| Erasca, Inc. | 0.18 | 0.23 | — | 99 | Healthcare | |
| Novartis AG | 0.25 | 0.23 | 0.29 | 81 | Healthcare | |
| Hycroft Mining Holding Corporation | 0.29 | 0.28 | 0.30 | 97 | Basic Materials |
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Build a portfolio that complements LEGR
Add LEGR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LEGR