Looking to balance out your exposure to LUXE? The ETFs below have historically moved differently from LUXE, 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 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 0.39, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.39 | 0.26 | 0.34 | 68 | S&P 500 | LUXE vs VOO | |
| iShares Core S&P 500 ETF | 0.39 | 0.26 | 0.34 | 67 | S&P 500 | LUXE vs IVV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LUXE, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.10 | 0.09 | 85 | Energy | |
| Apple Inc | 0.29 | 0.17 | 0.25 | 89 | Technology |
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