Looking to diversify beyond LMNX? The ETFs below have the lowest correlation with LMNX — 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 LMNX.
Best Diversifiers for LMNX
1 ETFs have low correlation with LMNX (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.27 | 0.27 | 0.27 | 91 | Leveraged Equities, Semiconductors | LMNX vs SOXL |
Diversification Analysis
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