Looking to balance out your exposure to LIDRW? The ETFs below have the lowest correlation with LIDRW — they tend to move on their own, which can help reduce risk when LIDRW drops. The stock ideas table highlights individual companies that behave independently from LIDRW.
No Diversifiers Found for LIDRW
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 LIDRW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LIDRW and solid risk/return profiles. The least correlated is DT Midstream, Inc. (DTM) (Energy) with a 1Y correlation of -0.11, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DT Midstream, Inc. | -0.11 | -0.01 | — | 83 | Energy | |
| Walmart Inc. | -0.10 | -0.03 | -0.01 | 63 | Consumer Defensive | |
| Bper Banca SpA ADR | -0.07 | -0.04 | -0.05 | 80 | Financial Services | |
| Hachijuni Bank Ltd ADR | -0.06 | -0.00 | 0.00 | 83 | Financial Services | |
| Alliance Entertainment Holding Corporation Class A... | -0.02 | 0.01 | 0.01 | 66 | Communication Services |
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