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
438 ETFs have low correlation with LGHT (below 0.3), 60 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | — | — | 66 | Oil & Gas | LGHT vs USO | |
| United States Brent Oil Fund LP | -0.28 | — | — | 65 | Oil & Gas | LGHT vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 55 | Derivative Income | LGHT vs USOY | |
| ProShares UltraShort Yen | -0.27 | -0.13 | -0.13 | 67 | Leveraged Currency | LGHT vs YCS | |
| Invesco DB Energy Fund | -0.27 | — | — | 71 | Oil & Gas | LGHT vs DBE |
See all 2164 diversifiers for LGHT
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Diversification Analysis
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