Looking to balance out your exposure to LOW? The ETFs below have the lowest correlation with LOW — they tend to move on their own, which can help reduce risk when LOW drops. The stock ideas table highlights individual companies that behave independently from LOW.
Best Diversifiers for LOW
155 ETFs have low correlation with LOW (below 0.3), 12 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.28 | -0.28 | -0.28 | 99 | Leveraged Equities, Semiconductors | LOW vs MUU | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.22 | -0.23 | 51 | Currency | LOW vs UUP | |
| Invesco DB Commodity Index Tracking Fund | -0.23 | -0.07 | 0.04 | 54 | Commodities | LOW vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.23 | -0.07 | 0.04 | 55 | Commodities | LOW vs PDBC | |
| Vanguard Energy ETF | -0.09 | 0.15 | 0.19 | 51 | Energy Equities | LOW vs VDE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LOW and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.12, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.12 | 0.14 | 0.21 | 99 | Technology | |
| Devon Energy Corporation | -0.10 | 0.11 | 0.17 | 72 | Energy | |
| Credo Technology Group Holding Ltd | -0.10 | 0.10 | 0.17 | 83 | Technology | |
| ConocoPhillips Company | -0.09 | 0.07 | 0.12 | 66 | Energy | |
| CrowdStrike Holdings, Inc. | -0.09 | 0.10 | 0.19 | 77 | Technology |
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Build a portfolio that complements LOW
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