Looking to balance out your exposure to LANDO? The ETFs below have the lowest correlation with LANDO — they tend to move on their own, which can help reduce risk when LANDO drops. The stock ideas table highlights individual companies that behave independently from LANDO.
Best Diversifiers for LANDO
1 ETFs have low correlation with LANDO (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 0.08, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.08 | 0.15 | 0.13 | 66 | S&P 500 | LANDO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LANDO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LANDO and solid risk/return profiles. The least correlated is Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of 0.07, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | 0.07 | 0.07 | 0.08 | 60 | Energy |
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