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
24 ETFs have low correlation with LHX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.08 | 0.09 | 0.16 | 74 | Nasdaq-100 | LHX vs QQQ | |
| VanEck Semiconductor ETF | 0.08 | 0.05 | 0.10 | 96 | Semiconductors, Technology Equities | LHX vs SMH | |
| Franklin FTSE Taiwan ETF | 0.08 | 0.11 | 0.12 | 96 | Asia Pacific Equities | LHX vs FLTW | |
| Nomura Focused Emerging Markets Equity ETF | 0.08 | 0.07 | 0.07 | 96 | Emerging Markets Diversified | LHX vs EMEQ | |
| Franklin FTSE South Korea ETF | 0.09 | 0.12 | 0.12 | 96 | 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.05 | 0.01 | 0.08 | 62 | Consumer Cyclical | |
| Verizon Communications Inc. | -0.05 | 0.13 | 0.19 | 56 | Communication Services | |
| Apple Inc | -0.04 | 0.02 | 0.12 | 90 | Technology | |
| PepsiCo, Inc. | -0.04 | 0.22 | 0.26 | 57 | Consumer Defensive | |
| Lumentum Holdings Inc. | -0.03 | 0.04 | 0.08 | 99 | Technology |
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