Looking to balance out your exposure to LLY? The ETFs below have the lowest correlation with LLY — they tend to move on their own, which can help reduce risk when LLY drops. The stock ideas table highlights individual companies that behave independently from LLY.
Best Diversifiers for LLY
316 ETFs have low correlation with LLY (below 0.3), 25 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.20, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.06 | -0.02 | 51 | Commodities | LLY vs PDBC | |
| First Trust Alternative Absolute Return Strategy E... | -0.19 | -0.03 | -0.04 | 67 | Commodities | LLY vs FAAR | |
| ProShares UltraShort Yen | -0.17 | -0.01 | -0.02 | 75 | Leveraged Currency | LLY vs YCS | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.10 | -0.04 | -0.01 | 53 | Commodities | LLY vs BCD | |
| iShares Global Energy ETF | -0.08 | 0.02 | 0.05 | 51 | Energy Equities | LLY vs IXC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LLY and solid risk/return profiles. The least correlated is HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of -0.19, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | -0.19 | -0.04 | -0.01 | 90 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.17 | -0.00 | -0.01 | 78 | Energy | |
| Par Pacific Holdings, Inc. | -0.16 | -0.07 | -0.03 | 85 | Energy | |
| Valero Energy Corporation | -0.15 | -0.02 | 0.00 | 94 | Energy | |
| Chevron Corporation | -0.14 | -0.03 | 0.04 | 67 | Energy |
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