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
997 ETFs have low correlation with LTPZ (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.37 | -0.35 | 63 | Leveraged Currency | LTPZ vs YCS | |
| United States Gasoline Fund LP | -0.33 | -0.14 | -0.08 | 55 | Oil & Gas | LTPZ vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.08 | -0.04 | 75 | Commodities | LTPZ vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.21 | — | — | 99 | Ultrashort Bond | LTPZ vs CSHP | |
| Fidelity Managed Futures ETF | -0.21 | — | — | 64 | Systematic Trend | LTPZ vs FFUT |
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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 | -0.03 | -0.03 | 66 | Energy | |
| Verizon Communications Inc. | 0.00 | 0.13 | 0.11 | 66 | Communication Services | |
| ZIM Integrated Shipping Services Ltd. | 0.01 | 0.04 | 0.01 | 78 | Industrials | |
| Archer-Daniels-Midland Company | 0.02 | 0.07 | 0.01 | 85 | Consumer Defensive | |
| Lynas Rare Earths Ltd ADR | 0.06 | 0.11 | 0.10 | 81 | Basic Materials |
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Build a portfolio that complements LTPZ
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