Looking to diversify beyond LIT? The ETFs below have historically moved differently from LIT, 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 LIT
651 ETFs have low correlation with LIT (below 0.3), 87 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | LIT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | -0.28 | — | 61 | Cryptocurrency | LIT vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | LIT vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 75 | Derivative Income | LIT vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 52 | Inverse Equities | LIT vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LIT, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.02 | 0.04 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.17 | -0.05 | -0.02 | 56 | Utilities | |
| The Coca-Cola Company | -0.16 | 0.01 | 0.07 | 90 | Consumer Defensive | |
| Verizon Communications Inc. | -0.13 | -0.00 | 0.03 | 66 | Communication Services | |
| Philip Morris International Inc. | -0.13 | 0.02 | 0.09 | 66 | Consumer Defensive |
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