Looking to balance out your exposure to LH? The ETFs below have the lowest correlation with LH — they tend to move on their own, which can help reduce risk when LH drops. The stock ideas table highlights individual companies that behave independently from LH.
Best Diversifiers for LH
3 ETFs have low correlation with LH (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Nasdaq Composite Index ETF (ONEQ) (Large Cap Growth Equities) with a 1Y correlation of 0.10, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Nasdaq Composite Index ETF | 0.10 | 0.20 | 0.33 | 68 | Large Cap Growth Equities | LH vs ONEQ | |
| Vanguard S&P 500 ETF | 0.21 | 0.32 | 0.43 | 70 | S&P 500 | LH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.32 | 0.43 | 70 | S&P 500 | LH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LH and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.07 | 0.18 | 0.21 | 69 | Consumer Defensive | |
| Apple Inc | 0.09 | 0.12 | 0.22 | 89 | Technology | |
| RTX Corporation | 0.16 | 0.24 | 0.24 | 70 | Industrials | |
| QUALCOMM Incorporated | 0.17 | 0.20 | 0.26 | 79 | Technology | |
| Cardinal Health, Inc. | 0.21 | 0.25 | 0.29 | 68 | Healthcare |
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