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
1239 ETFs have low correlation with LMBS (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.39 | -0.39 | 63 | Leveraged Currency | LMBS vs YCS | |
| Invesco DB Energy Fund | -0.33 | -0.18 | -0.10 | 71 | Oil & Gas | LMBS vs DBE | |
| United States Gasoline Fund LP | -0.33 | -0.19 | -0.09 | 71 | Oil & Gas | LMBS vs UGA | |
| United States Oil Fund LP | -0.30 | -0.18 | -0.10 | 66 | Oil & Gas | LMBS vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.24 | -0.24 | 56 | Derivative Income | LMBS vs USOY |
See all 1671 diversifiers for LMBS
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