Looking to balance out your exposure to LFMD? The ETFs below have the lowest correlation with LFMD — they tend to move on their own, which can help reduce risk when LFMD drops. The stock ideas table highlights individual companies that behave independently from LFMD.
Best Diversifiers for LFMD
0 ETFs have low correlation with LFMD (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 0.42, up from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.42 | 0.31 | 0.31 | 75 | Momentum, S&P 500 | LFMD vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LFMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LFMD and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.09, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.09 | 0.07 | 0.05 | 72 | Healthcare | |
| Broadcom Inc. | 0.24 | 0.22 | 0.24 | 84 | Technology | |
| NVIDIA Corporation | 0.26 | 0.23 | 0.27 | 78 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.28 | 0.21 | 0.24 | 95 | Technology | |
| Vertiv Holdings Co. | 0.28 | 0.26 | 0.31 | 94 | Industrials |
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