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 0.42, 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 | 0.42 | 0.40 | 0.46 | 66 | S&P 500 | LIND vs SPY |
Diversification Analysis
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