Looking to diversify beyond LUNL? The ETFs below have the lowest correlation with LUNL — 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 LUNL.
Best Diversifiers for LUNL
5 ETFs have low correlation with LUNL (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long MU Daily ETF (MULL) (Leveraged Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 0.13 | 0.13 | 0.13 | 99 | Leveraged Equities | LUNL vs MULL | |
| Leverage Shares 2X Long ARM Daily ETF | 0.14 | 0.14 | 0.14 | 84 | Leveraged Equities | LUNL vs ARMG | |
| Innovator Growth Accelerated Plus ETF - April | 0.19 | 0.19 | 0.19 | 98 | Leveraged Equities | LUNL vs QTAP | |
| Leverage Shares 2X Long TSM Daily ETF | 0.20 | 0.20 | 0.20 | 89 | Leveraged Equities | LUNL vs TSMG | |
| Innovator U.S. Equity Accelerated Plus ETF | 0.25 | 0.25 | 0.25 | 98 | Leveraged Equities | LUNL vs XTAP |
See all 8 diversifiers for LUNL
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