Looking to balance out your exposure to LGO? The ETFs below have the lowest correlation with LGO — they tend to move on their own, which can help reduce risk when LGO drops. The stock ideas table highlights individual companies that behave independently from LGO.
Best Diversifiers for LGO
2 ETFs have low correlation with LGO (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.04, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.04 | 0.00 | -0.04 | 100 | Government Bonds, Ultrashort Bond | LGO vs BIL | |
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.28 | 0.32 | 85 | Dividend | LGO vs SCHD | |
| Vanguard Dividend Appreciation ETF | 0.37 | 0.33 | 0.33 | 60 | Dividend | LGO vs VIG | |
| Global X Copper Miners ETF | 0.42 | 0.39 | 0.43 | 77 | Materials | LGO vs COPX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LGO and solid risk/return profiles. The least correlated is UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | 0.12 | 0.07 | 0.12 | 66 | Healthcare | |
| Sirius XM Holdings Inc. | 0.12 | 0.22 | 0.24 | 69 | Communication Services | |
| ASML Holding N.V. | 0.29 | 0.25 | 0.27 | 94 | Technology | |
| United States Antimony Corporation | 0.42 | 0.29 | 0.27 | 80 | Basic Materials | |
| Freeport-McMoRan Inc. | 0.44 | 0.37 | 0.41 | 79 | Basic Materials |
Build a portfolio that complements LGO
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