Looking to balance out your exposure to LXU? The ETFs below have the lowest correlation with LXU — they tend to move on their own, which can help reduce risk when LXU drops. The stock ideas table highlights individual companies that behave independently from LXU.
Best Diversifiers for LXU
6 ETFs have low correlation with LXU (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.04 | 0.15 | 0.21 | 71 | Leveraged Equities | LXU vs TQQQ | |
| Invesco QQQ ETF | 0.04 | 0.15 | 0.21 | 74 | Nasdaq-100 | LXU vs QQQ | |
| Vanguard S&P 500 ETF | 0.05 | 0.23 | 0.29 | 74 | S&P 500 | LXU vs VOO | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.23 | 0.29 | 74 | S&P 500 | LXU vs SPY | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.06 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | LXU vs BIL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LXU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LXU and solid risk/return profiles. The least correlated is Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of -0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | -0.08 | 0.13 | 0.20 | 64 | Industrials | |
| Entergy Corporation | 0.01 | 0.11 | 0.11 | 86 | Utilities | |
| Nordic American Tankers Limited | 0.16 | 0.22 | 0.24 | 94 | Industrials | |
| Lithium Americas Corp. | 0.16 | 0.28 | 0.28 | 70 | Basic Materials | |
| Frontline Ltd. | 0.16 | 0.20 | 0.21 | 89 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LXU
Add LXU to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LXU