Looking to diversify beyond LTPZ? The ETFs below have the lowest correlation with LTPZ — 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 LTPZ.
Best Diversifiers for LTPZ
1301 ETFs have low correlation with LTPZ (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.38 | -0.36 | 63 | Leveraged Currency | LTPZ vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.17 | -0.08 | 71 | Oil & Gas | LTPZ vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.32 | -0.20 | -0.20 | 56 | Derivative Income | LTPZ vs USOY | |
| Invesco DB Oil Fund | -0.32 | -0.15 | -0.08 | 65 | Oil & Gas | LTPZ vs DBO | |
| United States Gasoline Fund LP | -0.31 | -0.14 | -0.07 | 71 | Oil & Gas | LTPZ vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LTPZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LTPZ and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.18, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.18 | -0.04 | -0.03 | 82 | Energy | |
| Verizon Communications Inc. | -0.00 | 0.14 | 0.11 | 62 | Communication Services | |
| Archer-Daniels-Midland Company | 0.02 | 0.07 | 0.01 | 93 | Consumer Defensive | |
| Palo Alto Networks, Inc. | 0.03 | 0.03 | 0.06 | 72 | Technology | |
| Lynas Rare Earths Ltd ADR | 0.04 | 0.10 | 0.10 | 85 | Basic Materials |
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