Looking to balance out your exposure to LBRDK? The ETFs below have the lowest correlation with LBRDK — they tend to move on their own, which can help reduce risk when LBRDK drops. The stock ideas table highlights individual companies that behave independently from LBRDK.
Best Diversifiers for LBRDK
1 ETFs have low correlation with LBRDK (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Lithium & Battery Metals) with a 1Y correlation of 0.07, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.07 | 0.18 | 0.24 | 77 | Lithium & Battery Metals | LBRDK vs LIT | |
| Invesco S&P 500 Equal Weight ETF | 0.34 | 0.40 | 0.48 | 63 | S&P 500, Equal Weight | LBRDK vs RSP |
Diversification Analysis
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