Looking to balance out your exposure to LIN? The ETFs below have historically moved differently from LIN, 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 LIN
252 ETFs have low correlation with LIN (below 0.3), 18 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.07 | 0.11 | 0.31 | 57 | Leveraged Equities, Semiconductors | LIN vs USD | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | LIN vs USFR | |
| Direxion Daily MU Bull 2X Shares | -0.06 | — | — | 98 | Leveraged Equities, Semiconductors | LIN vs MUU | |
| Roundhill Generative AI & Technology ETF | -0.06 | 0.15 | — | 69 | Artificial Intelligence, Technology Equities | LIN vs CHAT | |
| iShares 0-1 Year Treasury Bond ETF | -0.05 | -0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | LIN vs SHV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LIN, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.18, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.18 | 0.07 | 0.24 | 70 | Technology | |
| MongoDB, Inc. | -0.15 | 0.05 | 0.21 | 72 | Technology | |
| Western Digital Corporation | -0.15 | 0.07 | 0.21 | 99 | Technology | |
| Celestica Inc. | -0.13 | 0.04 | 0.22 | 76 | Technology | |
| Arista Networks, Inc. | -0.10 | 0.10 | 0.27 | 77 | Technology |
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