Looking to balance out your exposure to LAD? The ETFs below have the lowest correlation with LAD — they tend to move on their own, which can help reduce risk when LAD drops. The stock ideas table highlights individual companies that behave independently from LAD.
Best Diversifiers for LAD
0 ETFs have low correlation with LAD (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 0.42, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.42 | 0.47 | 0.50 | 70 | S&P 500 | LAD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.47 | 0.50 | 70 | S&P 500 | LAD vs SPY | |
| Vanguard Total Stock Market ETF | 0.44 | 0.51 | 0.54 | 68 | Large Cap Blend Equities | LAD vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LAD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LAD and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.01 | 0.17 | 0.23 | 85 | Energy | |
| AbbVie Inc. | 0.06 | 0.08 | 0.10 | 62 | Healthcare | |
| Nuveen Quality Municipal Income Fund | 0.13 | 0.20 | 0.19 | 75 | Financial Services | |
| Eaton Corporation plc | 0.23 | 0.34 | 0.39 | 67 | Industrials | |
| Apple Inc | 0.27 | 0.27 | 0.30 | 89 | Technology |
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