Looking to diversify beyond LMBS? The ETFs below have historically moved differently from LMBS, 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 LMBS
882 ETFs have low correlation with LMBS (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.40 | -0.39 | 56 | Leveraged Currency | LMBS vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.19 | -0.11 | 72 | Oil & Gas | LMBS vs DBE | |
| United States Gasoline Fund LP | -0.32 | -0.20 | -0.09 | 87 | Oil & Gas | LMBS vs UGA | |
| United States Oil Fund LP | -0.32 | -0.19 | -0.11 | 55 | Oil & Gas | LMBS vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.19 | -0.11 | 52 | Oil & Gas | LMBS vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LMBS, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.26, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.26 | -0.11 | -0.07 | 80 | Energy | |
| TotalEnergies SE | -0.09 | -0.03 | -0.01 | 91 | Energy | |
| China Shenhua Energy Co Ltd | 0.01 | 0.00 | 0.00 | 74 | Energy | |
| Lincoln Educational Services Corporation | 0.02 | 0.03 | 0.02 | 85 | Consumer Defensive | |
| The Coca-Cola Company | 0.04 | 0.11 | 0.13 | 90 | Consumer Defensive |
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