Looking to balance out your exposure to LILAK? The ETFs below have the lowest correlation with LILAK — they tend to move on their own, which can help reduce risk when LILAK drops. The stock ideas table highlights individual companies that behave independently from LILAK.
Best Diversifiers for LILAK
2 ETFs have low correlation with LILAK (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 0.29, 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 | 0.29 | 0.32 | 0.42 | 70 | S&P 500 | LILAK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.32 | 0.42 | 70 | S&P 500 | LILAK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LILAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LILAK 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 | 0.15 | 0.22 | 83 | Energy | |
| Chubb Limited | 0.10 | 0.08 | 0.20 | 51 | Financial Services | |
| The Coca-Cola Company | 0.10 | 0.14 | 0.20 | 66 | Consumer Defensive | |
| Amazon.com, Inc | 0.12 | 0.17 | 0.28 | 60 | Consumer Cyclical | |
| Vodafone Group Plc | 0.19 | 0.24 | 0.33 | 88 | Communication Services |
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