Looking to balance out your exposure to LGGNY? The ETFs below have the lowest correlation with LGGNY — they tend to move on their own, which can help reduce risk when LGGNY drops. The stock ideas table highlights individual companies that behave independently from LGGNY.
No Diversifiers Found for LGGNY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LGGNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LGGNY and solid risk/return profiles. The least correlated is British American Tobacco p.l.c. (BTI) (Consumer Defensive) with a 1Y correlation of 0.23, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco p.l.c. | 0.23 | 0.31 | 0.34 | 77 | Consumer Defensive | |
| JPMorgan Chase & Co. | 0.36 | 0.33 | 0.41 | 59 | Financial Services | |
| The Goldman Sachs Group, Inc. | 0.36 | 0.38 | 0.44 | 90 | Financial Services | |
| National Grid plc | 0.37 | 0.38 | 0.37 | 63 | Utilities | |
| Franklin Resources, Inc. | 0.38 | 0.37 | 0.46 | 81 | Financial Services |
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