Looking to balance out your exposure to LLY? The ETFs below have historically moved differently from LLY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LLY
336 ETFs have low correlation with LLY (below 0.3), 36 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.22, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.08 | -0.04 | 67 | Commodities | LLY vs GSG | |
| United States Oil Fund LP | -0.22 | -0.09 | -0.06 | 55 | Oil & Gas | LLY vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.06 | -0.03 | 72 | Commodities | LLY vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.07 | -0.03 | 71 | Commodities | LLY vs DBC | |
| KFA Mount Lucas Index Strategy ETF | -0.19 | -0.03 | -0.04 | 61 | Systematic Trend | LLY vs KMLM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LLY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of -0.18, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | -0.19 | -0.04 | -0.02 | 96 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.17 | -0.02 | -0.02 | 85 | Energy | |
| Par Pacific Holdings, Inc. | -0.17 | -0.07 | -0.03 | 95 | Energy | |
| Valero Energy Corporation | -0.15 | -0.02 | 0.00 | 98 | Energy | |
| CF Industries Holdings, Inc. | -0.15 | -0.04 | 0.00 | 72 | Basic Materials |
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