Looking to balance out your exposure to LAMR? The ETFs below have historically moved differently from LAMR, 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 LAMR
2 ETFs have low correlation with LAMR (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 0.23, down from 0.58 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 | 0.23 | 0.45 | 0.58 | 72 | S&P 500 | LAMR vs SPY | |
| Vanguard S&P 500 ETF | 0.24 | 0.46 | 0.58 | 72 | S&P 500 | LAMR vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LAMR, 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 Applied Digital Corporation (APLD) (Technology) with a 1Y correlation of -0.10, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Digital Corporation | -0.10 | 0.17 | 0.18 | 79 | Technology | |
| Occidental Petroleum Corporation | -0.08 | 0.11 | 0.21 | 68 | Energy | |
| Riot Platforms, Inc. | -0.02 | 0.22 | 0.31 | 74 | Technology | |
| Chevron Corporation | -0.00 | 0.16 | 0.22 | 76 | Energy | |
| Bancolombia S.A. | -0.00 | 0.16 | 0.23 | 95 | Financial Services |
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