Looking to diversify beyond LKOR? The ETFs below have historically moved differently from LKOR, 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 LKOR
509 ETFs have low correlation with LKOR (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.22 | -0.13 | 72 | Oil & Gas | LKOR vs DBE | |
| United States Oil Fund LP | -0.41 | -0.22 | -0.13 | 55 | Oil & Gas | LKOR vs USO | |
| ProShares UltraShort Yen | -0.40 | -0.40 | -0.41 | 56 | Leveraged Currency | LKOR vs YCS | |
| United States Brent Oil Fund LP | -0.40 | -0.21 | -0.13 | 52 | Oil & Gas | LKOR vs BNO | |
| United States Gasoline Fund LP | -0.39 | -0.20 | -0.11 | 87 | Oil & Gas | LKOR vs UGA |
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