Looking to balance out your exposure to LAZR? The ETFs below have the lowest correlation with LAZR — they tend to move on their own, which can help reduce risk when LAZR drops. The stock ideas table highlights individual companies that behave independently from LAZR.
No Diversifiers Found for LAZR
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LAZR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LAZR and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.09, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.09 | 0.21 | 0.29 | 99 | Technology | |
| Rolls-Royce Holdings plc | 0.12 | 0.16 | 0.22 | 78 | Industrials | |
| Allegro MicroSystems, Inc. | 0.12 | 0.29 | 0.37 | 75 | Technology | |
| Ouster, Inc. | 0.23 | 0.41 | 0.48 | 67 | Technology | |
| Nebius Group N.V. | 0.24 | — | — | 96 | Communication Services |
Build a portfolio that complements LAZR
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