Looking to balance out your exposure to LUXE? The ETFs below have the lowest correlation with LUXE — they tend to move on their own, which can help reduce risk when LUXE drops. The stock ideas table highlights individual companies that behave independently from LUXE.
Best Diversifiers for LUXE
0 ETFs have low correlation with LUXE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.42, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.42 | 0.27 | 0.34 | 70 | S&P 500 | LUXE vs VOO | |
| iShares Core S&P 500 ETF | 0.42 | 0.27 | 0.34 | 70 | S&P 500 | LUXE vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LUXE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LUXE and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.10, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.10 | 0.13 | 0.11 | 86 | Energy | |
| Apple Inc | 0.28 | 0.15 | 0.25 | 89 | Technology |
Build a portfolio that complements LUXE
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