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
138 ETFs have low correlation with LOW (below 0.3), 4 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | LOW vs USFR | |
| Global X MLP & Energy Infrastructure ETF | -0.03 | 0.20 | 0.26 | 55 | MLPs | LOW vs MLPX | |
| Alpha Architect 1-3 Month Box ETF | -0.02 | 0.02 | — | 100 | Ultrashort Bond | LOW vs BOXX | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.00 | — | — | 100 | Ultrashort Bond | LOW vs VBIL | |
| ProShares Ultra Semiconductors | 0.01 | 0.18 | 0.32 | 82 | Leveraged Equities, Semiconductors | LOW vs USD |
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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 -0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.11 | 0.15 | 0.22 | 99 | Technology | |
| CrowdStrike Holdings, Inc. | -0.09 | 0.10 | 0.19 | 65 | Technology | |
| Micron Technology, Inc. | -0.07 | 0.11 | 0.23 | 99 | Technology | |
| ConocoPhillips Company | -0.07 | 0.08 | 0.12 | 65 | Energy | |
| Credo Technology Group Holding Ltd | -0.07 | 0.12 | 0.18 | 88 | Technology |
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Build a portfolio that complements LOW
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