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
167 ETFs have low correlation with LOW (below 0.3), 13 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.22, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.22 | -0.06 | 0.04 | 54 | Leveraged Commodities | LOW vs UCO | |
| United States Oil Fund LP | -0.21 | -0.06 | 0.03 | 66 | Oil & Gas | LOW vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.17 | -0.02 | 0.06 | 75 | Commodities | LOW vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | -0.02 | 0.06 | 74 | Commodities | LOW vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | LOW vs USFR |
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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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.07, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.07 | 0.09 | 0.08 | 86 | Energy | |
| CrowdStrike Holdings, Inc. | -0.06 | 0.10 | 0.20 | 70 | Technology | |
| Lumentum Holdings Inc. | -0.06 | 0.17 | 0.23 | 99 | Technology | |
| Micron Technology, Inc. | -0.06 | 0.13 | 0.23 | 99 | Technology | |
| Credo Technology Group Holding Ltd | -0.06 | 0.13 | 0.19 | 85 | Technology |
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Build a portfolio that complements LOW
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