Looking to diversify beyond LEMB? The ETFs below have the lowest correlation with LEMB — 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 LEMB.
Best Diversifiers for LEMB
309 ETFs have low correlation with LEMB (below 0.3), 80 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.46 | -0.44 | 67 | Leveraged Currency | LEMB vs YCS | |
| United States Oil Fund LP | -0.39 | -0.12 | -0.00 | 66 | Oil & Gas | LEMB vs USO | |
| United States Brent Oil Fund LP | -0.39 | -0.12 | -0.01 | 65 | Oil & Gas | LEMB vs BNO | |
| Invesco DB Energy Fund | -0.38 | -0.11 | 0.01 | 71 | Oil & Gas | LEMB vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.35 | — | — | 55 | Derivative Income | LEMB vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LEMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LEMB and solid risk/return profiles. The least correlated is Riot Blockchain, Inc. (RIOT) (Technology) with a 1Y correlation of 0.30, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Riot Blockchain, Inc. | 0.30 | 0.22 | 0.28 | 86 | Technology |
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