Looking to balance out your exposure to LCFY? The ETFs below have the lowest correlation with LCFY — they tend to move on their own, which can help reduce risk when LCFY drops. The stock ideas table highlights individual companies that behave independently from LCFY.
Best Diversifiers for LCFY
1 ETFs have low correlation with LCFY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.18 | 0.10 | — | 75 | Momentum, S&P 500 | LCFY vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LCFY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LCFY and solid risk/return profiles. The least correlated is Nektar Therapeutics (NKTR) (Healthcare) with a 1Y correlation of 0.15, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nektar Therapeutics | 0.15 | 0.11 | — | 95 | Healthcare |
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