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
5 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 0.13, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | 0.13 | 0.17 | 0.25 | 70 | Oil & Gas | LPG vs UGA | |
| Global X NASDAQ 100 Covered Call ETF | 0.15 | 0.18 | 0.20 | 89 | Nasdaq-100, Derivative Income | LPG vs QYLD | |
| YieldMax Semiconductor Portfolio Option Income ETF | 0.16 | — | — | 97 | Derivative Income, Semiconductors | LPG vs CHPY | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.22 | 0.25 | 74 | S&P 500 | LPG vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.26 | 0.29 | 85 | Dividend | LPG vs SCHD |
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 Adeia Inc (ADEA) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Adeia Inc | 0.09 | 0.16 | 0.16 | 90 | Technology | |
| PROG Holdings, Inc. | 0.12 | 0.15 | 0.16 | 56 | Industrials | |
| M/I Homes, Inc. | 0.12 | 0.21 | 0.18 | 63 | Consumer Cyclical | |
| Cavco Industries, Inc. | 0.13 | 0.16 | 0.17 | 59 | Consumer Cyclical | |
| InterDigital, Inc. | 0.14 | 0.15 | 0.18 | 53 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LPG
Add LPG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LPG