Looking to balance out your exposure to LAMR? The ETFs below have the lowest correlation with LAMR — they tend to move on their own, which can help reduce risk when LAMR drops. The stock ideas table highlights individual companies that behave independently from LAMR.
Best Diversifiers for LAMR
0 ETFs have low correlation with LAMR (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 0.34, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.48 | 0.60 | 70 | S&P 500 | LAMR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.48 | 0.60 | 70 | S&P 500 | LAMR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LAMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LAMR and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) 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 |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.01 | 0.16 | 0.23 | 69 | Consumer Defensive | |
| Walmart Inc. | 0.02 | 0.17 | 0.23 | 63 | Consumer Defensive | |
| Chevron Corporation | 0.06 | 0.19 | 0.25 | 83 | Energy | |
| CrowdStrike Holdings, Inc. | 0.07 | 0.20 | 0.30 | 70 | Technology | |
| Alphabet Inc. Class A | 0.12 | 0.18 | 0.33 | 96 | Communication Services |
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