Looking to diversify beyond LGHT? The ETFs below have the lowest correlation with LGHT — 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 LGHT.
Best Diversifiers for LGHT
475 ETFs have low correlation with LGHT (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.33, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.33 | -0.23 | -0.23 | 51 | Currency | LGHT vs UUP | |
| ProShares UltraShort Yen | -0.28 | -0.13 | -0.13 | 72 | Leveraged Currency | LGHT vs YCS | |
| Invesco DB Energy Fund | -0.28 | — | — | 53 | Oil & Gas | LGHT vs DBE | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | -0.32 | -0.32 | 60 | Inverse Equities | LGHT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | -0.31 | -0.31 | 68 | Inverse Equities, Leveraged Equities | LGHT vs MSTZ |
See all 2035 diversifiers for LGHT
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