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
241 ETFs have low correlation with LIN (below 0.3), 10 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.08, down from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.08 | 0.08 | — | 56 | Derivative Income, Options Trading | LIN vs NVDY | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | LIN vs USFR | |
| ProShares Ultra Bloomberg Crude Oil | -0.06 | -0.03 | 0.07 | 54 | Leveraged Commodities | LIN vs UCO | |
| ProShares Ultra Semiconductors | -0.05 | 0.13 | 0.32 | 89 | Leveraged Equities, Semiconductors | LIN vs USD | |
| United States Oil Fund LP | -0.05 | -0.03 | 0.07 | 66 | Oil & Gas | LIN vs USO |
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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 Celestica Inc. (CLS) (Technology) with a 1Y correlation of -0.12, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.12 | 0.06 | 0.24 | 94 | Technology | |
| Broadcom Inc. | -0.12 | 0.10 | 0.27 | 76 | Technology | |
| MongoDB, Inc. | -0.11 | 0.08 | 0.22 | 76 | Technology | |
| AppLovin Corporation | -0.09 | 0.04 | 0.18 | 57 | Technology | |
| NVIDIA Corporation | -0.08 | 0.09 | 0.28 | 80 | Technology |
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