Looking to balance out your exposure to LB? The ETFs below have historically moved differently from LB, 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 LB
1 ETFs have low correlation with LB (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.15 | — | — | 67 | S&P 500 | LB vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aris Water Solutions, Inc. | 0.05 | — | — | 85 | Utilities | |
| Berkshire Hathaway Inc. | 0.06 | — | — | 61 | Financial Services | |
| Kinetik Holdings Inc | 0.28 | — | — | 64 | Energy | |
| Black Stone Minerals, L.P. | 0.36 | — | — | 81 | Energy | |
| Kimbell Royalty Partners, LP | 0.38 | — | — | 59 | Energy |
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