Looking to diversify beyond LMBS? The ETFs below have the lowest correlation with LMBS — 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 LMBS.
Best Diversifiers for LMBS
829 ETFs have low correlation with LMBS (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.39 | -0.33 | 51 | Currency | LMBS vs UUP | |
| ProShares UltraShort Yen | -0.41 | -0.40 | -0.39 | 72 | Leveraged Currency | LMBS vs YCS | |
| United States Gasoline Fund LP | -0.33 | -0.18 | -0.09 | 78 | Oil & Gas | LMBS vs UGA | |
| Invesco DB Energy Fund | -0.32 | -0.18 | -0.11 | 53 | Oil & Gas | LMBS vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.14 | -0.08 | 51 | Commodities | LMBS vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LMBS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LMBS and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.23, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.23 | -0.09 | -0.07 | 70 | Energy | |
| TotalEnergies SE | -0.04 | -0.01 | -0.01 | 81 | Energy | |
| Lincoln Educational Services Corporation | 0.02 | 0.02 | 0.02 | 95 | Consumer Defensive | |
| China Shenhua Energy Co Ltd | 0.04 | 0.01 | 0.00 | 78 | Energy | |
| The Coca-Cola Company | 0.06 | 0.12 | 0.13 | 83 | Consumer Defensive |
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