Looking to balance out your exposure to LBRDP? The ETFs below have the lowest correlation with LBRDP — they tend to move on their own, which can help reduce risk when LBRDP drops. The stock ideas table highlights individual companies that behave independently from LBRDP.
No Diversifiers Found for LBRDP
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 LBRDP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LBRDP and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.09, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.09 | 0.06 | 0.05 | 71 | Energy | |
| Marathon Petroleum Corporation | -0.03 | 0.08 | 0.06 | 88 | Energy | |
| Tenaris S.A. | -0.02 | 0.08 | 0.05 | 95 | Energy | |
| NIO Inc. | -0.00 | 0.09 | 0.13 | 65 | Consumer Cyclical | |
| ON Semiconductor Corporation | -0.00 | 0.04 | 0.07 | 92 | Technology |
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