Looking to balance out your exposure to LGND? The ETFs below have the lowest correlation with LGND — they tend to move on their own, which can help reduce risk when LGND drops. The stock ideas table highlights individual companies that behave independently from LGND.
Best Diversifiers for LGND
1 ETFs have low correlation with LGND (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 0.09 | 0.08 | 0.06 | 61 | Inflation-Protected Bonds | LGND vs TIPX | |
| Vanguard Information Technology ETF | 0.34 | 0.34 | 0.38 | 76 | Technology Equities | LGND vs VGT | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.39 | 0.36 | 0.37 | 57 | High Yield Bonds | LGND vs HYG | |
| Vanguard FTSE Developed Markets ETF | 0.40 | 0.38 | 0.38 | 61 | Foreign Large Cap Equities | LGND vs VEA | |
| Vanguard S&P 500 ETF | 0.40 | 0.42 | 0.43 | 74 | S&P 500 | LGND vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LGND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LGND and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.18, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | 0.03 | 0.07 | 86 | Energy | |
| Enterprise Products Partners L.P. | 0.00 | 0.10 | 0.14 | 88 | Energy | |
| Johnson & Johnson | 0.07 | 0.12 | 0.15 | 94 | Healthcare | |
| General Dynamics Corporation | 0.16 | 0.21 | 0.22 | 76 | ||
| GE Vernova Inc. | 0.18 | — | — | 88 | Utilities |
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