Looking to balance out your exposure to LCID? The ETFs below have the lowest correlation with LCID — they tend to move on their own, which can help reduce risk when LCID drops. The stock ideas table highlights individual companies that behave independently from LCID.
Best Diversifiers for LCID
4 ETFs have low correlation with LCID (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.10 | 0.10 | 0.09 | 93 | Inflation-Protected Bonds | LCID vs VTIP | |
| iShares National AMT-Free Muni Bond ETF | 0.13 | 0.15 | 0.12 | 66 | Municipal Bonds | LCID vs MUB | |
| Convergence Long/Short Equity ETF | 0.23 | 0.16 | — | 95 | Long-Short | LCID vs CLSE | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.29 | 0.28 | 0.26 | 61 | Emerging Markets Bonds | LCID vs EMB | |
| ProShares UltraPro QQQ | 0.32 | 0.33 | 0.43 | 71 | Leveraged Equities | LCID vs TQQQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LCID, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LCID and solid risk/return profiles. The least correlated is AstraZeneca PLC (AZN) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AstraZeneca PLC | 0.07 | 0.12 | 0.11 | 70 | Healthcare | |
| AbbVie Inc. | 0.07 | 0.07 | 0.02 | 62 | Healthcare | |
| Chevron Corporation | 0.08 | 0.12 | 0.12 | 83 | Energy | |
| Apple Inc | 0.13 | 0.19 | 0.27 | 89 | Technology | |
| NVIDIA Corporation | 0.13 | 0.14 | 0.29 | 78 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LCID
Add LCID to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LCID