Looking to balance out your exposure to LC? The ETFs below have the lowest correlation with LC — they tend to move on their own, which can help reduce risk when LC drops. The stock ideas table highlights individual companies that behave independently from LC.
Best Diversifiers for LC
0 ETFs have low correlation with LC (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.38, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.38 | 0.38 | 0.49 | 96 | Semiconductors, Technology Equities | LC vs SMH | |
| Saba Closed-End Funds ETF | 0.43 | 0.45 | 0.47 | 82 | Event Driven | LC vs CEFS | |
| Bridges Capital Tactical ETF | 0.46 | 0.46 | 0.46 | 76 | Large Cap Blend Equities | LC vs BDGS | |
| NEOS Nasdaq-100 High Income ETF | 0.52 | — | — | 70 | Nasdaq-100, Derivative Income | LC vs QQQI | |
| TappAlpha S&P 500 Growth & Daily Income ETF | 0.54 | — | — | 69 | Derivative Income | LC vs TSPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LC and solid risk/return profiles. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of 0.24, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | 0.24 | 0.30 | 0.39 | 69 | Technology | |
| NVIDIA Corporation | 0.25 | 0.25 | 0.41 | 80 | Technology | |
| Orchid Island Capital, Inc. | 0.28 | 0.41 | 0.43 | 63 | Real Estate | |
| Ituran Location and Control Ltd. | 0.33 | 0.34 | 0.34 | 90 | Technology | |
| Amprius Technologies Inc. | 0.35 | 0.31 | — | 97 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LC
Add LC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LC