Looking to balance out your exposure to LITB? The ETFs below have the lowest correlation with LITB — they tend to move on their own, which can help reduce risk when LITB drops. The stock ideas table highlights individual companies that behave independently from LITB.
Best Diversifiers for LITB
1 ETFs have low correlation with LITB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.03 | 0.02 | 0.06 | 66 | S&P 500 | LITB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LITB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LITB and solid risk/return profiles. The least correlated is Ondas Holdings Inc. (ONDS) (Technology) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ondas Holdings Inc. | 0.05 | 0.07 | 0.10 | 89 | Technology |
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