Looking to balance out your exposure to LOCO? The ETFs below have the lowest correlation with LOCO — they tend to move on their own, which can help reduce risk when LOCO drops. The stock ideas table highlights individual companies that behave independently from LOCO.
Best Diversifiers for LOCO
0 ETFs have low correlation with LOCO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.36, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.36 | 0.38 | 0.45 | 70 | S&P 500 | LOCO vs SPY |
Diversification Analysis
Build a portfolio that complements LOCO
Add LOCO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LOCO