Looking to balance out your exposure to LBTYK? The ETFs below have the lowest correlation with LBTYK — they tend to move on their own, which can help reduce risk when LBTYK drops. The stock ideas table highlights individual companies that behave independently from LBTYK.
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 0.29, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.29 | 0.30 | 0.43 | 67 | S&P 500 | LBTYK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LBTYK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LBTYK and solid risk/return profiles. The least correlated is Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.04 | 0.05 | 0.17 | 56 | Energy | |
| Coca-Cola Consolidated, Inc. | 0.08 | 0.12 | 0.19 | 83 | Consumer Defensive | |
| The AES Corporation | 0.11 | 0.24 | 0.31 | 69 | Utilities | |
| Tenet Healthcare Corporation | 0.11 | 0.18 | 0.29 | 58 | Healthcare | |
| RenaissanceRe Holdings Ltd. | 0.15 | 0.10 | 0.18 | 83 | Financial Services |
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