Looking to diversify beyond LFBE? The ETFs below have the lowest correlation with LFBE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LFBE.
Best Diversifiers for LFBE
1674 ETFs have low correlation with LFBE (below 0.3), 120 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.38 | -0.38 | 61 | Leveraged Currency | LFBE vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.35 | -0.35 | 71 | Oil & Gas | LFBE vs DBE | |
| United States Gasoline Fund LP | -0.41 | -0.33 | -0.33 | 69 | Oil & Gas | LFBE vs UGA | |
| Invesco DB Oil Fund | -0.40 | — | — | 65 | Oil & Gas | LFBE vs DBO | |
| United States Brent Oil Fund LP | -0.39 | -0.33 | -0.33 | 65 | Oil & Gas | LFBE vs BNO |
See all 2101 diversifiers for LFBE
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Diversification Analysis
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