Looking to balance out your exposure to LKNCY? The ETFs below have the lowest correlation with LKNCY — they tend to move on their own, which can help reduce risk when LKNCY drops. The stock ideas table highlights individual companies that behave independently from LKNCY.
Best Diversifiers for LKNCY
4 ETFs have low correlation with LKNCY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P U.S. Growth ETF (IUSG) (Large Cap Growth Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P U.S. Growth ETF | 0.16 | 0.18 | 0.20 | 61 | Large Cap Growth Equities | LKNCY vs IUSG | |
| Vanguard Information Technology ETF | 0.17 | 0.18 | 0.22 | 76 | Technology Equities | LKNCY vs VGT | |
| Vanguard S&P 500 ETF | 0.19 | 0.20 | 0.21 | 74 | S&P 500 | LKNCY vs VOO | |
| iShares MSCI ACWI ETF | 0.20 | 0.24 | 0.25 | 70 | Global Equities | LKNCY vs ACWI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LKNCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LKNCY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | -0.04 | -0.00 | 73 | Consumer Defensive | |
| Welltower Inc. | -0.03 | 0.06 | 0.07 | 80 | Real Estate | |
| Anheuser-Busch InBev SA/NV | 0.00 | 0.10 | 0.12 | 52 | Consumer Defensive | |
| Kinross Gold Corporation | 0.02 | 0.06 | 0.09 | 81 | Basic Materials | |
| Banco Bradesco S.A. | 0.04 | 0.14 | 0.14 | 64 | Financial Services |
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