Looking to diversify beyond LEMB? The ETFs below have historically moved differently from LEMB, 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 LEMB
330 ETFs have low correlation with LEMB (below 0.3), 89 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.46 | -0.44 | 59 | Leveraged Currency | LEMB vs YCS | |
| Invesco DB Energy Fund | -0.39 | -0.13 | -0.01 | 66 | Oil & Gas | LEMB vs DBE | |
| Invesco DB Oil Fund | -0.36 | -0.12 | -0.00 | 51 | Oil & Gas | LEMB vs DBO | |
| United States Gasoline Fund, LP | -0.35 | -0.11 | -0.00 | 83 | Oil & Gas | LEMB vs UGA | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.31 | -0.26 | -0.25 | 51 | Nontraditional Bonds | LEMB vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LEMB, 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 Riot Platforms, Inc. (RIOT) (Technology) with a 1Y correlation of 0.27, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Riot Platforms, Inc. | 0.27 | 0.22 | 0.28 | 76 | Technology |
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