Looking to diversify beyond LULG? The ETFs below have historically moved differently from LULG, 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 LULG
543 ETFs have low correlation with LULG (below 0.3), 24 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.33 | -0.33 | -0.33 | 58 | Oil & Gas | LULG vs DBO | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.24 | -0.24 | -0.24 | 87 | Commodities | LULG vs FTGC | |
| MicroSectors Energy 3X Leveraged ETN | -0.22 | -0.22 | -0.22 | 55 | Leveraged Equities | LULG vs WTIU | |
| KFA Mount Lucas Index Strategy ETF | -0.21 | -0.21 | -0.21 | 61 | Systematic Trend | LULG vs KMLM | |
| VanEck Oil Refiners ETF | -0.12 | -0.12 | -0.12 | 95 | Energy Equities | LULG vs CRAK |
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