Looking to balance out your exposure to LWLG? The ETFs below have the lowest correlation with LWLG — they tend to move on their own, which can help reduce risk when LWLG drops. The stock ideas table highlights individual companies that behave independently from LWLG.
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 -0.08, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.03 | -0.04 | 100 | Ultrashort Bond | LWLG vs SGOV | |
| Direxion Daily South Korea Bull 3X Shares | 0.31 | 0.28 | 0.30 | 97 | Leveraged Equities | LWLG vs KORU | |
| Invesco QQQ ETF | 0.35 | 0.37 | 0.44 | 73 | Nasdaq-100 | LWLG vs QQQ | |
| Invesco Semiconductors ETF | 0.38 | 0.39 | 0.43 | 96 | Semiconductors, Technology Equities | LWLG vs PSI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LWLG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LWLG and solid risk/return profiles. The least correlated is Oscar Health, Inc. (OSCR) (Healthcare) with a 1Y correlation of 0.13, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oscar Health, Inc. | 0.13 | 0.21 | 0.28 | 59 | Healthcare | |
| Reddit, Inc. | 0.17 | 0.22 | 0.22 | 62 | Communication Services | |
| Apple Inc | 0.18 | 0.19 | 0.29 | 89 | Technology | |
| Lumentum Holdings Inc. | 0.26 | 0.29 | 0.32 | 99 | Technology | |
| Tower Semiconductor Ltd | 0.33 | 0.30 | 0.30 | 99 | Technology |
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