Looking to balance out your exposure to LIN? The ETFs below have the lowest correlation with LIN — they tend to move on their own, which can help reduce risk when LIN drops. The stock ideas table highlights individual companies that behave independently from LIN.
Best Diversifiers for LIN
250 ETFs have low correlation with LIN (below 0.3), 15 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.07, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.07 | 0.12 | 0.31 | 69 | Leveraged Equities, Semiconductors | LIN vs USD | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | LIN vs USFR | |
| Roundhill Generative AI & Technology ETF | -0.04 | 0.16 | — | 83 | Technology Equities | LIN vs CHAT | |
| iShares 0-1 Year Treasury Bond ETF | -0.03 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | LIN vs SHV | |
| Direxion Daily MU Bull 2X Shares | -0.03 | 0.07 | 0.07 | 98 | Leveraged Equities, Semiconductors | LIN vs MUU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LIN and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.17, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.17 | 0.07 | 0.25 | 71 | Technology | |
| MongoDB, Inc. | -0.13 | 0.07 | 0.20 | 72 | Technology | |
| AppLovin Corporation | -0.13 | 0.04 | 0.16 | 59 | Communication Services | |
| Western Digital Corporation | -0.12 | 0.07 | 0.22 | 99 | Technology | |
| Arista Networks, Inc. | -0.10 | 0.10 | 0.28 | 77 | Technology |
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