Looking to diversify beyond LEGR? The ETFs below have historically moved differently from LEGR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LEGR
378 ETFs have low correlation with LEGR (below 0.3), 86 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.36 | — | 61 | Cryptocurrency | LEGR vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 52 | Inverse Equities | LEGR vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | LEGR vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 61 | Inverse Equities, Leveraged Equities | LEGR vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 75 | Derivative Income | LEGR vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LEGR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Ascendis Pharma A/S (ASND) (Healthcare) with a 1Y correlation of 0.08, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ascendis Pharma A/S | 0.08 | 0.19 | 0.27 | 78 | Healthcare | |
| Endesa SA ADR | 0.13 | 0.16 | 0.23 | 97 | Utilities | |
| Erasca, Inc. | 0.18 | 0.25 | 0.26 | 99 | Healthcare | |
| Novartis AG | 0.20 | 0.22 | 0.28 | 89 | Healthcare | |
| Corvus Pharmaceuticals, Inc. | 0.28 | 0.31 | 0.30 | 90 | Healthcare |
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