Looking to balance out your exposure to LAD? The ETFs below have historically moved differently from LAD, 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 LAD
0 ETFs have low correlation with LAD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.33, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.45 | 0.48 | 67 | S&P 500 | LAD vs SPY | |
| Vanguard S&P 500 ETF | 0.34 | 0.45 | 0.48 | 68 | S&P 500 | LAD vs VOO | |
| Vanguard Total Stock Market ETF | 0.36 | 0.49 | 0.52 | 67 | Large Cap Blend Equities | LAD vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LAD, 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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.06 | 0.15 | 0.21 | 89 | Energy | |
| AbbVie Inc. | 0.05 | 0.11 | 0.10 | 81 | Healthcare | |
| Eaton Corporation plc | 0.09 | 0.24 | 0.31 | 53 | Industrials | |
| Nuveen Quality Municipal Income Fund | 0.11 | 0.21 | 0.19 | 78 | Financial Services | |
| The Charles Schwab Corporation | 0.12 | 0.32 | 0.35 | 54 | Financial Services |
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