Looking to balance out your exposure to LI? The ETFs below have historically moved differently from LI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LI
6 ETFs have low correlation with LI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield ETF (VYM) (Dividend) with a 1Y correlation of 0.19, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | 0.19 | 0.21 | 0.22 | 90 | Dividend | LI vs VYM | |
| SPDR Portfolio High Yield Bond ETF | 0.19 | 0.19 | 0.25 | 62 | High Yield Bonds | LI vs SPHY | |
| Schwab U.S. Dividend Equity ETF | 0.20 | 0.17 | 0.20 | 94 | Dividend | LI vs SCHD | |
| Vanguard S&P 500 ETF | 0.22 | 0.21 | 0.28 | 72 | S&P 500 | LI vs VOO | |
| Invesco QQQ ETF | 0.23 | 0.20 | 0.30 | 54 | Nasdaq-100 | LI vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | -0.01 | 0.00 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.02 | 0.05 | 0.06 | 86 | Consumer Defensive | |
| Palo Alto Networks, Inc. | 0.01 | 0.03 | 0.14 | 91 | Technology | |
| Lockheed Martin Corporation | 0.01 | -0.02 | 0.01 | 76 | Industrials | |
| Exxon Mobil Corporation | 0.02 | 0.02 | 0.04 | 84 | Energy |
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Build a portfolio that complements LI
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