Looking to balance out your exposure to LEN-B? The ETFs below have the lowest correlation with LEN-B — they tend to move on their own, which can help reduce risk when LEN-B drops. The stock ideas table highlights individual companies that behave independently from LEN-B.
Best Diversifiers for LEN-B
2 ETFs have low correlation with LEN-B (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.29, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.42 | 0.51 | 66 | S&P 500 | LEN-B vs VOO | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.42 | 0.51 | 65 | S&P 500 | LEN-B vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LEN-B, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LEN-B and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.07 | 0.14 | 0.14 | 97 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.05 | 0.08 | 0.11 | 70 | Energy | |
| Occidental Petroleum Corporation | -0.04 | 0.11 | 0.13 | 67 | Energy | |
| Chevron Corporation | -0.02 | 0.13 | 0.14 | 74 | Energy | |
| Diamondback Energy, Inc. | -0.02 | 0.10 | 0.13 | 80 | Energy |
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