Looking to balance out your exposure to LBTYK? The ETFs below have historically moved differently from LBTYK, 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 LBTYK
1 ETFs have low correlation with LBTYK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.26, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.29 | 0.43 | 67 | S&P 500 | LBTYK vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LBTYK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.04 | 0.05 | 0.17 | 69 | Energy | |
| Coca-Cola Consolidated, Inc. | 0.08 | 0.13 | 0.19 | 87 | Consumer Defensive | |
| Tenet Healthcare Corporation | 0.09 | 0.18 | 0.28 | 80 | Healthcare | |
| The AES Corporation | 0.12 | 0.23 | 0.31 | 64 | Utilities | |
| RenaissanceRe Holdings Ltd. | 0.13 | 0.10 | 0.17 | 81 | Financial Services |
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