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 0.05, 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 | 0.05 | 0.03 | 0.06 | 70 | S&P 500 | LITB vs VOO |
Diversification Analysis
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