Looking to balance out your exposure to LINE? The ETFs below have the lowest correlation with LINE — they tend to move on their own, which can help reduce risk when LINE drops. The stock ideas table highlights individual companies that behave independently from LINE.
Best Diversifiers for LINE
2 ETFs have low correlation with LINE (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Low Duration Bond Factor ETF | 0.20 | — | — | 98 | Corporate Bonds | LINE vs FLDR | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 0.29 | 0.28 | 0.28 | 78 | Derivative Income, Options Trading | LINE vs QDTE | |
| First Trust Nasdaq Clean Edge Smart GRID Infrastru... | 0.32 | 0.34 | 0.34 | 79 | Alternative Energy Equities | LINE vs GRID | |
| Global X NASDAQ 100 Covered Call ETF | 0.33 | — | — | 88 | Nasdaq-100, Derivative Income | LINE vs QYLD | |
| Fidelity Small-Mid Multifactor ETF | 0.36 | 0.40 | 0.40 | 53 | Small Cap Growth Equities | LINE vs FSMD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LINE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LINE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.09 | 0.12 | 0.12 | 78 | Technology | |
| Micron Technology, Inc. | 0.15 | 0.19 | 0.19 | 99 | Technology | |
| Intel Corporation | 0.17 | — | — | 98 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.20 | 0.22 | 0.22 | 95 | Technology | |
| Rolls-Royce Holdings plc | 0.24 | 0.23 | 0.23 | 70 | Industrials |
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