Looking to balance out your exposure to LOPE? The ETFs below have the lowest correlation with LOPE — they tend to move on their own, which can help reduce risk when LOPE drops. The stock ideas table highlights individual companies that behave independently from LOPE.
Best Diversifiers for LOPE
2 ETFs have low correlation with LOPE (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 0.13, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.13 | 0.29 | 0.34 | 70 | S&P 500 | LOPE vs SPY | |
| iShares MSCI World ETF | 0.15 | 0.31 | 0.36 | 63 | Global Equities | LOPE vs URTH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LOPE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LOPE and solid risk/return profiles. The least correlated is DT Midstream, Inc. (DTM) (Energy) with a 1Y correlation of 0.01, down from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DT Midstream, Inc. | 0.01 | 0.20 | — | 83 | Energy | |
| Medpace Holdings, Inc. | 0.15 | 0.18 | 0.25 | 68 | Healthcare | |
| Lincoln Educational Services Corporation | 0.43 | 0.38 | 0.32 | 89 | Consumer Defensive |
Build a portfolio that complements LOPE
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