Looking to balance out your exposure to LILA? The ETFs below have historically moved differently from LILA, 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 LILA
2 ETFs have low correlation with LILA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.12, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.12 | 0.27 | 0.38 | 72 | S&P 500 | LILA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.27 | 0.38 | 71 | S&P 500 | LILA vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LILA, 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 UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | -0.05 | 0.01 | 0.08 | 85 | Healthcare | |
| Amazon.com, Inc | 0.01 | 0.14 | 0.26 | 68 | Consumer Cyclical | |
| Chevron Corporation | 0.06 | 0.15 | 0.21 | 72 | Energy | |
| Occidental Petroleum Corporation | 0.08 | 0.14 | 0.22 | 65 | Energy | |
| Nucor Corporation | 0.09 | 0.22 | 0.27 | 96 | Basic Materials |
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