Looking to diversify beyond LGHT? The ETFs below have historically moved differently from LGHT, 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 LGHT
586 ETFs have low correlation with LGHT (below 0.3), 85 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | — | — | 55 | Oil & Gas | LGHT vs USO | |
| United States Brent Oil Fund LP | -0.31 | — | — | 52 | Oil & Gas | LGHT vs BNO | |
| Invesco DB Energy Fund | -0.30 | — | — | 72 | Oil & Gas | LGHT vs DBE | |
| Invesco DB Oil Fund | -0.28 | — | — | 58 | Oil & Gas | LGHT vs DBO | |
| ProShares UltraShort Yen | -0.24 | — | — | 56 | Leveraged Currency | LGHT vs YCS |
See all 2224 diversifiers for LGHT
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