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
9 ETFs have low correlation with LH (below 0.3), 1 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.07 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | LH vs USFR | |
| Fidelity Nasdaq Composite Index ETF | 0.01 | 0.17 | 0.31 | 51 | Large Cap Growth Equities | LH vs ONEQ | |
| iShares MSCI South Korea ETF | 0.03 | 0.13 | 0.20 | 87 | South Korea Equities, Asia Pacific Equities | LH vs EWY | |
| SPDR S&P Semiconductor ETF | 0.04 | 0.20 | 0.28 | 79 | Semiconductors, Technology Equities | LH vs XSD | |
| Invesco S&P 500 Equal Weight Technology ETF | 0.05 | 0.22 | 0.35 | 74 | Technology Equities, S&P 500, Equal Weight | LH vs RSPT |
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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 BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of -0.05, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | -0.05 | 0.14 | 0.26 | 89 | Financial Services | |
| Micron Technology, Inc. | -0.04 | 0.08 | 0.15 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.04 | 0.07 | 0.15 | 96 | Technology | |
| Flex Ltd. | 0.01 | 0.14 | 0.24 | 92 | Technology | |
| QUALCOMM Incorporated | 0.06 | 0.17 | 0.23 | 54 | Technology |
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Build a portfolio that complements LH
Add LH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LH