Looking to balance out your exposure to LB? The ETFs below have the lowest correlation with LB — they tend to move on their own, which can help reduce risk when LB drops. The stock ideas table highlights individual companies that behave independently from LB.
Best Diversifiers for LB
2 ETFs have low correlation with LB (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.06 | — | — | 52 | Gold | LB vs GDE | |
| State Street SPDR S&P 500 ETF | 0.15 | — | — | 74 | S&P 500 | LB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LB and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aris Water Solutions, Inc. | -0.04 | — | — | 93 | Utilities | |
| Black Stone Minerals, L.P. | 0.35 | — | — | 56 | Energy | |
| Kimbell Royalty Partners, LP | 0.37 | — | — | 73 | Energy | |
| Viper Energy Partners LP | 0.44 | — | — | 64 | Energy |
Diversification Analysis
Build a portfolio that complements LB
Add LB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LB