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
312 ETFs have low correlation with LLY (below 0.3), 18 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.26, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.26 | -0.10 | -0.05 | 54 | Leveraged Commodities | LLY vs UCO | |
| United States Oil Fund LP | -0.25 | -0.10 | -0.06 | 66 | Oil & Gas | LLY vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.08 | -0.04 | 71 | Commodities | LLY vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.22 | -0.07 | -0.03 | 75 | Commodities | LLY vs DBC | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.03 | -0.04 | 90 | Commodities | LLY vs FAAR |
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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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.15, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.15 | -0.02 | -0.02 | 86 | Energy | |
| Valero Energy Corporation | -0.14 | -0.02 | 0.01 | 93 | Energy | |
| Repsol SA | -0.12 | -0.01 | 0.01 | 95 | Energy | |
| ConocoPhillips Company | -0.11 | -0.03 | 0.03 | 76 | Energy | |
| Exxon Mobil Corporation | -0.11 | -0.04 | 0.03 | 85 | Energy |
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Build a portfolio that complements LLY
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