Looking to balance out your exposure to LILA? The ETFs below have the lowest correlation with LILA — they tend to move on their own, which can help reduce risk when LILA drops. The stock ideas table highlights individual companies that behave independently from LILA.
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 0.28, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.31 | 0.42 | 70 | S&P 500 | LILA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.31 | 0.42 | 70 | S&P 500 | LILA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LILA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LILA and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.04 | 0.16 | 0.22 | 83 | Energy | |
| The Coca-Cola Company | 0.07 | 0.12 | 0.20 | 66 | Consumer Defensive | |
| Amazon.com, Inc | 0.08 | 0.14 | 0.25 | 60 | Consumer Cyclical | |
| Chubb Limited | 0.11 | 0.09 | 0.20 | 51 | Financial Services | |
| Apple Inc | 0.21 | 0.17 | 0.26 | 89 | Technology |
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