Looking to balance out your exposure to LWLG? The ETFs below have historically moved differently from LWLG, 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 LWLG
1 ETFs have low correlation with LWLG (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.04 | -0.05 | 100 | Ultrashort Bond | LWLG vs SGOV | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.41 | 0.31 | 0.33 | 84 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | LWLG vs KORU | |
| Invesco QQQ ETF | 0.45 | 0.40 | 0.47 | 55 | Nasdaq-100 | LWLG vs QQQ | |
| Invesco Semiconductors ETF | 0.51 | 0.43 | 0.47 | 89 | Semiconductors, Technology Equities | LWLG vs PSI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LWLG, 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 Oscar Health, Inc. (OSCR) (Healthcare) with a 1Y correlation of 0.15, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oscar Health, Inc. | 0.15 | 0.19 | 0.29 | 83 | Healthcare | |
| Apple Inc | 0.15 | 0.18 | 0.30 | 90 | Technology | |
| Nu Holdings Ltd. | 0.23 | 0.25 | 0.32 | 56 | Financial Services | |
| Constellium SE | 0.34 | 0.29 | 0.31 | 94 | Basic Materials | |
| Lumentum Holdings Inc. | 0.38 | 0.33 | 0.35 | 99 | Technology |
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