Looking to balance out your exposure to LEU? The ETFs below have the lowest correlation with LEU — they tend to move on their own, which can help reduce risk when LEU drops. The stock ideas table highlights individual companies that behave independently from LEU.
Best Diversifiers for LEU
99 ETFs have low correlation with LEU (below 0.3), 30 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.16, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.16 | 0.08 | 0.22 | 78 | Dividend, Large Cap Value Equities | LEU vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.15 | 0.05 | 0.15 | 53 | Dividend | LEU vs LVHD | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.15 | 0.08 | 0.22 | 76 | Large Cap Value Equities, Dividend | LEU vs FDL | |
| State Street Energy Select Sector SPDR ETF | -0.09 | 0.15 | 0.26 | 50 | Energy Equities | LEU vs XLE | |
| Invesco DB US Dollar Index Bullish Fund | -0.08 | -0.08 | -0.14 | 51 | Currency | LEU vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LEU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LEU and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.30, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.30 | -0.09 | 0.01 | 83 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.27 | -0.10 | -0.03 | 53 | Consumer Defensive | |
| Verizon Communications Inc. | -0.25 | -0.07 | 0.00 | 57 | Communication Services | |
| PepsiCo, Inc. | -0.21 | -0.08 | -0.02 | 53 | Consumer Defensive | |
| Chubb Limited | -0.21 | -0.04 | 0.06 | 86 | Financial Services |
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