Looking to balance out your exposure to LKQ? The ETFs below have the lowest correlation with LKQ — they tend to move on their own, which can help reduce risk when LKQ drops. The stock ideas table highlights individual companies that behave independently from LKQ.
Best Diversifiers for LKQ
0 ETFs have low correlation with LKQ (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 0.36, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.36 | 0.40 | 0.53 | 70 | S&P 500 | LKQ vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.41 | 0.54 | 70 | S&P 500 | LKQ vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.64 | 0.61 | 0.66 | 80 | Dividend | LKQ vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LKQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LKQ and solid risk/return profiles. The least correlated is eBay Inc. (EBAY) (Consumer Cyclical) with a 1Y correlation of 0.12, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| eBay Inc. | 0.12 | 0.31 | 0.39 | 73 | Consumer Cyclical | |
| Tesla, Inc. | 0.20 | 0.19 | 0.26 | 55 | Consumer Cyclical | |
| Amazon.com, Inc | 0.24 | 0.17 | 0.29 | 60 | Consumer Cyclical | |
| Heidrick & Struggles International, Inc. | 0.25 | 0.32 | 0.41 | 92 | Industrials | |
| The TJX Companies, Inc. | 0.28 | 0.36 | 0.49 | 78 | Consumer Cyclical |
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