Looking to diversify beyond LITP? The ETFs below have the lowest correlation with LITP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LITP.
Best Diversifiers for LITP
574 ETFs have low correlation with LITP (below 0.3), 39 of which are negatively correlated. The least correlated is iShares Diversified Commodity Swap UCITS ETF (ISCMF) (Commodities) with a 1Y correlation of -0.16, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Diversified Commodity Swap UCITS ETF | -0.16 | -0.05 | — | 78 | Commodities | LITP vs ISCMF | |
| United States Gasoline Fund LP | -0.15 | 0.01 | — | 55 | Oil & Gas | LITP vs UGA | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.12 | — | — | 95 | Inflation-Protected Bonds | LITP vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | LITP vs RBIL | |
| Calvert Ultra-Short Investment Grade ETF | -0.08 | 0.01 | — | 98 | Ultrashort Bond | LITP vs CVSB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LITP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LITP and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.23, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.23 | 0.21 | — | 72 | Technology | |
| Ichor Holdings, Ltd. | 0.33 | 0.38 | — | 96 | Technology | |
| Albemarle Corporation | 0.78 | 0.75 | — | 91 | Basic Materials | |
| Sociedad Química y Minera de Chile S.A. | 0.78 | 0.76 | — | 92 | Basic Materials |
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