Looking to balance out your exposure to LGO? The ETFs below have historically moved differently from LGO, 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 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 0.03, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.03 | -0.00 | -0.04 | 100 | Government Bonds, Ultrashort Bond | LGO vs BIL | |
| Schwab U.S. Dividend Equity ETF | 0.20 | 0.26 | 0.31 | 95 | Dividend | LGO vs SCHD | |
| Vanguard Dividend Appreciation ETF | 0.39 | 0.33 | 0.34 | 75 | Dividend | LGO vs VIG | |
| Global X Copper Miners ETF | 0.48 | 0.39 | 0.44 | 76 | Copper | LGO vs COPX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LGO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of 0.04, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | 0.04 | 0.12 | 0.23 | 70 | Energy | |
| Sirius XM Holdings Inc. | 0.08 | 0.19 | 0.23 | 82 | Communication Services | |
| UnitedHealth Group Incorporated | 0.14 | 0.09 | 0.12 | 86 | Healthcare | |
| ASML Holding N.V. | 0.35 | 0.26 | 0.27 | 96 | Technology | |
| Freeport-McMoRan Inc. | 0.48 | 0.37 | 0.41 | 78 | Basic Materials |
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