Looking to balance out your exposure to LEN? The ETFs below have the lowest correlation with LEN — they tend to move on their own, which can help reduce risk when LEN drops. The stock ideas table highlights individual companies that behave independently from LEN.
Best Diversifiers for LEN
5 ETFs have low correlation with LEN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.16, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.16 | 0.31 | 0.43 | 74 | Nasdaq-100 | LEN vs QQQM | |
| WisdomTree Japan Hedged Equity Fund | 0.19 | 0.26 | 0.32 | 88 | Japan Equities | LEN vs DXJ | |
| Invesco Semiconductors ETF | 0.21 | 0.29 | 0.39 | 96 | Semiconductors, Technology Equities | LEN vs PSI | |
| Vanguard S&P 500 ETF | 0.28 | 0.42 | 0.50 | 70 | S&P 500 | LEN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.42 | 0.51 | 70 | S&P 500 | LEN vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LEN and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.02 | 0.09 | 0.12 | 79 | Energy | |
| EOG Resources, Inc. | -0.01 | 0.08 | 0.10 | 69 | Energy | |
| Chevron Corporation | -0.00 | 0.13 | 0.15 | 83 | Energy | |
| Iluka Resources Ltd ADR | -0.00 | 0.04 | 0.04 | 83 | Basic Materials | |
| Exxon Mobil Corporation | 0.01 | 0.12 | 0.13 | 85 | Energy |
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Build a portfolio that complements LEN
Add LEN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LEN