Looking to balance out your exposure to LIDR? The ETFs below have the lowest correlation with LIDR — they tend to move on their own, which can help reduce risk when LIDR drops. The stock ideas table highlights individual companies that behave independently from LIDR.
No Diversifiers Found for LIDR
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LIDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LIDR and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.24, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.24 | 0.22 | 0.26 | 94 | Industrials | |
| Ouster, Inc. | 0.41 | 0.35 | 0.37 | 87 | Technology |
Build a portfolio that complements LIDR
Add LIDR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LIDR