Looking to balance out your exposure to LAZ? The ETFs below have the lowest correlation with LAZ — they tend to move on their own, which can help reduce risk when LAZ drops. The stock ideas table highlights individual companies that behave independently from LAZ.
Best Diversifiers for LAZ
0 ETFs have low correlation with LAZ (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.43, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.43 | 0.48 | 0.56 | 80 | Dividend | LAZ vs SCHD | |
| Vanguard S&P 500 ETF | 0.50 | 0.48 | 0.56 | 70 | S&P 500 | LAZ vs VOO | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.48 | 0.56 | 70 | S&P 500 | LAZ vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LAZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LAZ and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.09 | 0.09 | 0.19 | 85 | Energy | |
| BCE Inc. | -0.06 | 0.10 | 0.21 | 66 | Communication Services | |
| Duke Energy Corporation | -0.04 | 0.06 | 0.11 | 53 | Utilities | |
| Chevron Corporation | -0.04 | 0.16 | 0.24 | 83 | Energy | |
| Verizon Communications Inc. | -0.00 | 0.09 | 0.15 | 59 | Communication Services |
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