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
0 ETFs have low correlation with LMNX (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ARM Daily ETF (ARMG) (Leveraged Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ARM Daily ETF | 0.32 | 0.32 | 0.32 | 56 | Leveraged Equities | LMNX vs ARMG | |
| Direxion Daily South Korea Bull 3X Shares | 0.34 | 0.34 | 0.34 | 93 | Leveraged Equities | LMNX vs KORU |
Diversification Analysis
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