Looking to balance out your exposure to LOGI? The ETFs below have historically moved differently from LOGI, 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 LOGI
1 ETFs have low correlation with LOGI (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Japan Hedged Equity Fund (DXJ) (Japan Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Japan Hedged Equity Fund | 0.27 | 0.30 | 0.34 | 91 | Japan Equities, Asia Pacific Equities | LOGI vs DXJ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.35 | 0.43 | — | 60 | Nasdaq-100, Derivative Income | LOGI vs JEPQ | |
| Invesco QQQ ETF | 0.37 | 0.44 | 0.55 | 55 | Nasdaq-100 | LOGI vs QQQ | |
| iShares Core MSCI Europe ETF | 0.39 | 0.49 | 0.54 | 54 | Europe Equities | LOGI vs IEUR | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.46 | 0.55 | 72 | S&P 500 | LOGI vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LOGI, 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 McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.01 | -0.02 | 0.03 | 59 | Healthcare | |
| Cboe Global Markets, Inc. | 0.01 | -0.07 | 0.05 | 56 | Financial Services | |
| HCA Healthcare, Inc. | 0.03 | 0.13 | 0.24 | 52 | Healthcare | |
| Cardinal Health, Inc. | 0.05 | 0.05 | 0.10 | 85 | Healthcare | |
| Eli Lilly and Company | 0.07 | 0.16 | 0.17 | 77 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LOGI
Add LOGI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LOGI