Looking to balance out your exposure to LIVN? The ETFs below have the lowest correlation with LIVN — they tend to move on their own, which can help reduce risk when LIVN drops. The stock ideas table highlights individual companies that behave independently from LIVN.
Best Diversifiers for LIVN
0 ETFs have low correlation with LIVN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.41, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.40 | 0.43 | 70 | S&P 500 | LIVN vs SPY |
Diversification Analysis
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