Looking to balance out your exposure to LDOS? The ETFs below have historically moved differently from LDOS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LDOS
7 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 -0.04, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.04 | 0.12 | 0.14 | 87 | Semiconductors, Technology Equities | LDOS vs SMH | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.03 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | LDOS vs BIL | |
| Invesco FTSE RAFI Emerging Markets ETF | 0.08 | 0.16 | 0.18 | 75 | Emerging Markets Equities | LDOS vs PXH | |
| iShares 0-3 Month Treasury Bond ETF | 0.11 | 0.06 | 0.01 | 100 | Ultrashort Bond | LDOS vs SGOV | |
| Alerian MLP ETF | 0.13 | 0.22 | 0.30 | 66 | MLPs | LDOS vs AMLP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LDOS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.11 | 0.14 | 0.21 | 86 | Technology | |
| Seagate Technology plc | -0.11 | 0.08 | 0.13 | 99 | Technology | |
| Western Digital Corporation | -0.09 | 0.07 | 0.13 | 99 | Technology | |
| Micron Technology, Inc. | -0.08 | 0.07 | 0.09 | 99 | Technology | |
| ASE Technology Holding Co., Ltd. | -0.07 | 0.07 | 0.09 | 98 | Technology |
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