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
281 ETFs have low correlation with LEMB (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.69, roughly unchanged from -0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.69 | -0.72 | -0.72 | 51 | Currency | LEMB vs UUP | |
| ProShares UltraShort Yen | -0.49 | -0.46 | -0.44 | 72 | Leveraged Currency | LEMB vs YCS | |
| Invesco DB Energy Fund | -0.36 | -0.12 | -0.00 | 53 | Oil & Gas | LEMB vs DBE | |
| United States Gasoline Fund LP | -0.33 | -0.10 | 0.01 | 78 | Oil & Gas | LEMB vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 68 | Inverse Equities, Leveraged Equities | LEMB vs MSTZ |
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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 MP Materials Corp. (MP) (Basic Materials) with a 1Y correlation of 0.16, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MP Materials Corp. | 0.16 | 0.20 | 0.28 | 51 | Basic Materials | |
| Riot Platforms, Inc. | 0.28 | 0.23 | 0.28 | 70 | Technology |
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