Looking to balance out your exposure to LOVE? The ETFs below have the lowest correlation with LOVE — they tend to move on their own, which can help reduce risk when LOVE drops. The stock ideas table highlights individual companies that behave independently from LOVE.
Best Diversifiers for LOVE
1 ETFs have low correlation with LOVE (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) (Gold) with a 1Y correlation of 0.18, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.18 | 0.25 | — | 52 | Gold | LOVE vs GDE | |
| Vanguard S&P 500 ETF | 0.39 | 0.40 | 0.48 | 74 | S&P 500 | LOVE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.40 | 0.48 | 74 | S&P 500 | LOVE vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.40 | 0.37 | 0.42 | 85 | Dividend | LOVE vs SCHD | |
| Vanguard Total Stock Market ETF | 0.42 | 0.43 | 0.52 | 73 | Large Cap Blend Equities | LOVE vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LOVE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LOVE and solid risk/return profiles. The least correlated is Celestica Inc. (CLS) (Technology) with a 1Y correlation of 0.04, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | 0.04 | 0.21 | 0.27 | 94 | Technology | |
| NVIDIA Corporation | 0.06 | 0.15 | 0.31 | 80 | Technology | |
| AppLovin Corporation | 0.09 | 0.18 | 0.30 | 57 | Technology |
Build a portfolio that complements LOVE
Add LOVE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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