Looking to balance out your exposure to LPG? The ETFs below have the lowest correlation with LPG — they tend to move on their own, which can help reduce risk when LPG drops. The stock ideas table highlights individual companies that behave independently from LPG.
Best Diversifiers for LPG
6 ETFs have low correlation with LPG (below 0.3), 0 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of 0.12, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | 0.12 | 0.17 | 0.26 | 60 | Oil & Gas | LPG vs UGA | |
| Alerian Energy Infrastructure ETF | 0.16 | 0.25 | 0.38 | 55 | Energy Equities | LPG vs ENFR | |
| Global X NASDAQ 100 Covered Call ETF | 0.17 | 0.18 | 0.20 | 85 | Nasdaq-100, Derivative Income | LPG vs QYLD | |
| YieldMax Semiconductor Portfolio Option Income ETF | 0.18 | — | — | 96 | Derivative Income, Semiconductors | LPG vs CHPY | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.21 | 0.24 | 60 | S&P 500 | LPG vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LPG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LPG and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | -0.01 | 0.05 | 62 | Communication Services | |
| The Coca-Cola Company | -0.01 | -0.03 | 0.03 | 74 | Consumer Defensive | |
| The Travelers Companies, Inc. | -0.00 | 0.03 | 0.11 | 77 | Financial Services | |
| Walmart Inc. | 0.01 | -0.02 | 0.03 | 70 | Consumer Defensive | |
| Amazon.com, Inc | 0.04 | 0.10 | 0.10 | 52 | Consumer Cyclical |
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Build a portfolio that complements LPG
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