Looking to balance out your exposure to LDOS? The ETFs below have the lowest correlation with LDOS — they tend to move on their own, which can help reduce risk when LDOS drops. The stock ideas table highlights individual companies that behave independently from LDOS.
Best Diversifiers for LDOS
8 ETFs have low correlation with LDOS (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.01 | 0.13 | 0.15 | 92 | Semiconductors, Technology Equities | LDOS vs SMH | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | LDOS vs BIL | |
| Invesco QQQ ETF | 0.09 | 0.21 | 0.22 | 58 | Nasdaq-100 | LDOS vs QQQ | |
| Invesco FTSE RAFI Emerging Markets ETF | 0.09 | 0.16 | 0.18 | 58 | Emerging Markets Equities | LDOS vs PXH | |
| iShares 0-3 Month Treasury Bond ETF | 0.11 | 0.07 | 0.01 | 100 | Ultrashort Bond | LDOS vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LDOS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LDOS and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.05, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.05 | 0.08 | 0.10 | 99 | Technology | |
| Broadcom Inc. | -0.05 | 0.11 | 0.15 | 71 | Technology | |
| Western Digital Corporation | -0.05 | 0.08 | 0.14 | 99 | Technology | |
| Seagate Technology plc | -0.04 | 0.11 | 0.15 | 99 | Technology | |
| Corning Incorporated | -0.04 | 0.16 | 0.22 | 97 | Technology |
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Build a portfolio that complements LDOS
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