Looking to balance out your exposure to LADR? The ETFs below have the lowest correlation with LADR — they tend to move on their own, which can help reduce risk when LADR drops. The stock ideas table highlights individual companies that behave independently from LADR.
Best Diversifiers for LADR
1 ETFs have low correlation with LADR (below 0.3), 0 of which are negatively correlated. The least correlated is BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) (Government Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.09 | 0.10 | — | 100 | Government Bonds, Ultrashort Bond | LADR vs XHLF | |
| State Street Health Care Select Sector SPDR ETF | 0.33 | 0.37 | 0.39 | 50 | Health & Biotech Equities | LADR vs XLV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LADR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LADR and solid risk/return profiles. The least correlated is IREN Limited (IREN) (Financial Services) with a 1Y correlation of -0.00, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IREN Limited | -0.00 | 0.14 | 0.17 | 74 | Financial Services | |
| Diamondback Energy, Inc. | -0.00 | 0.13 | 0.25 | 80 | Energy | |
| Cboe Global Markets, Inc. | 0.02 | -0.03 | 0.12 | 60 | Financial Services | |
| First Solar, Inc. | 0.02 | 0.14 | 0.23 | 61 | Technology | |
| Eli Lilly and Company | 0.06 | 0.10 | 0.12 | 79 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LADR
Add LADR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LADR