Looking to balance out your exposure to LBRT? The ETFs below have the lowest correlation with LBRT — they tend to move on their own, which can help reduce risk when LBRT drops. The stock ideas table highlights individual companies that behave independently from LBRT.
Best Diversifiers for LBRT
6 ETFs have low correlation with LBRT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.21, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.21 | 0.22 | 0.23 | 73 | Nasdaq-100 | LBRT vs QQQ | |
| SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.23 | 0.24 | 0.27 | 81 | S&P 500 | LBRT vs SPUS | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.29 | 0.33 | 70 | S&P 500 | LBRT vs SPY | |
| Wahed FTSE USA Shariah ETF | 0.26 | 0.29 | 0.32 | 88 | Large Cap Growth Equities | LBRT vs HLAL | |
| First Trust Nasdaq Clean Edge Smart GRID Infrastru... | 0.26 | 0.32 | 0.34 | 79 | Alternative Energy Equities | LBRT vs GRID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LBRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LBRT and solid risk/return profiles. The least correlated is The TJX Companies, Inc. (TJX) (Consumer Cyclical) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The TJX Companies, Inc. | -0.11 | 0.03 | 0.15 | 78 | Consumer Cyclical | |
| Eli Lilly and Company | -0.08 | -0.03 | 0.01 | 72 | Healthcare | |
| Cboe Global Markets, Inc. | -0.07 | -0.08 | 0.03 | 68 | Financial Services | |
| Agnico Eagle Mines Limited | -0.06 | 0.07 | 0.12 | 66 | Basic Materials | |
| Sandoz Group AG | -0.04 | 0.00 | 0.00 | 84 | Healthcare |
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Build a portfolio that complements LBRT
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