Looking to balance out your exposure to LHX? The ETFs below have the lowest correlation with LHX — they tend to move on their own, which can help reduce risk when LHX drops. The stock ideas table highlights individual companies that behave independently from LHX.
Best Diversifiers for LHX
18 ETFs have low correlation with LHX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin FTSE Taiwan ETF (FLTW) (Asia Pacific Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE Taiwan ETF | 0.06 | 0.09 | 0.11 | 95 | Asia Pacific Equities | LHX vs FLTW | |
| VanEck Semiconductor ETF | 0.06 | 0.04 | 0.09 | 95 | Semiconductors, Technology Equities | LHX vs SMH | |
| Invesco QQQ ETF | 0.07 | 0.09 | 0.16 | 64 | Nasdaq-100 | LHX vs QQQ | |
| iShares MSCI South Korea ETF | 0.08 | 0.10 | 0.11 | 95 | Asia Pacific Equities | LHX vs EWY | |
| Franklin FTSE South Korea ETF | 0.09 | 0.11 | 0.11 | 94 | Asia Pacific Equities | LHX vs FLKR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LHX and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.05 | 0.12 | 0.18 | 66 | Communication Services | |
| Lumentum Holdings Inc. | -0.04 | 0.03 | 0.08 | 99 | Technology | |
| BCE Inc. | -0.03 | 0.13 | 0.22 | 60 | Communication Services | |
| Monster Beverage Corporation | -0.02 | 0.12 | 0.16 | 89 | Consumer Defensive | |
| Intel Corporation | -0.02 | 0.04 | 0.09 | 99 | Technology |
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