Looking to balance out your exposure to LEU? The ETFs below have historically moved differently from LEU, 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 LEU
106 ETFs have low correlation with LEU (below 0.3), 38 of which are negatively correlated. The least correlated is Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) (Dividend) with a 1Y correlation of -0.20, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin U.S. Low Volatility High Dividend Index E... | -0.20 | 0.03 | 0.14 | 61 | Dividend, Low Volatility | LEU vs LVHD | |
| iShares Core High Dividend ETF | -0.19 | 0.07 | 0.20 | 92 | Dividend, Large Cap Value Equities | LEU vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.17 | 0.07 | 0.21 | 92 | Large Cap Value Equities, Dividend | LEU vs FDL | |
| Invesco S&P 500® High Dividend Low Volatility ETF | -0.14 | 0.06 | 0.19 | 53 | Dividend, S&P 500, Low Volatility | LEU vs SPHD | |
| United States Oil Fund LP | -0.12 | 0.04 | 0.13 | 55 | Oil & Gas | LEU vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LEU, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.33, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.33 | -0.10 | -0.00 | 90 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.30 | -0.12 | -0.04 | 59 | Consumer Defensive | |
| PepsiCo, Inc. | -0.25 | -0.10 | -0.02 | 50 | Consumer Defensive | |
| Duke Energy Corporation | -0.24 | -0.06 | -0.03 | 56 | Utilities | |
| Chubb Limited | -0.24 | -0.06 | 0.05 | 89 | Financial Services |
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