Looking to balance out your exposure to LIND? The ETFs below have the lowest correlation with LIND — they tend to move on their own, which can help reduce risk when LIND drops. The stock ideas table highlights individual companies that behave independently from LIND.
Best Diversifiers for LIND
0 ETFs have low correlation with LIND (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.45, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.42 | 0.46 | 70 | S&P 500 | LIND vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LIND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LIND and solid risk/return profiles. The least correlated is Hanesbrands Inc. (HBI) (Consumer Cyclical) with a 1Y correlation of 0.26, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hanesbrands Inc. | 0.26 | 0.26 | 0.34 | 79 | Consumer Cyclical | |
| Carnival Corporation & Plc | 0.68 | 0.56 | 0.62 | 50 | Consumer Cyclical |
Build a portfolio that complements LIND
Add LIND to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LIND