Looking to diversify beyond LTPZ? The ETFs below have historically moved differently from LTPZ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LTPZ
1113 ETFs have low correlation with LTPZ (below 0.3), 106 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.18 | -0.09 | 72 | Oil & Gas | LTPZ vs DBE | |
| United States Oil Fund LP | -0.33 | -0.17 | -0.09 | 55 | Oil & Gas | LTPZ vs USO | |
| United States Brent Oil Fund LP | -0.33 | -0.17 | -0.08 | 52 | Oil & Gas | LTPZ vs BNO | |
| Invesco DB Oil Fund | -0.32 | -0.16 | -0.08 | 58 | Oil & Gas | LTPZ vs DBO | |
| United States Gasoline Fund, LP | -0.32 | -0.15 | -0.07 | 87 | Oil & Gas | LTPZ vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LTPZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.25, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.25 | -0.06 | -0.03 | 86 | Energy | |
| Cheniere Energy, Inc. | -0.14 | 0.04 | 0.04 | 57 | Energy | |
| Verizon Communications Inc. | -0.05 | 0.13 | 0.11 | 66 | Communication Services | |
| Archer-Daniels-Midland Company | 0.01 | 0.07 | 0.02 | 90 | Consumer Defensive | |
| ZIM Integrated Shipping Services Ltd. | 0.02 | 0.03 | 0.02 | 82 | Industrials |
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