Looking to diversify beyond LRNZ? The ETFs below have the lowest correlation with LRNZ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LRNZ.
Best Diversifiers for LRNZ
139 ETFs have low correlation with LRNZ (below 0.3), 22 of which are negatively correlated. The least correlated is First Trust North American Energy Infrastructure Fund (EMLP) (MLPs) with a 1Y correlation of -0.17, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | -0.17 | 0.13 | 0.24 | 86 | MLPs | LRNZ vs EMLP | |
| ProShares Ultra Oil & Gas | -0.14 | 0.03 | 0.13 | 53 | Leveraged Equities | LRNZ vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.14 | 0.03 | 0.12 | 54 | Leveraged Equities | LRNZ vs ERX | |
| Barclays ETN+ Select MLP ETN | -0.14 | 0.15 | 0.24 | 65 | MLPs | LRNZ vs ATMP | |
| FT Energy Income Partners Enhanced Income ETF | -0.13 | 0.10 | 0.10 | 87 | Derivative Income | LRNZ vs EIPI |
See all 450 diversifiers for LRNZ
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