Looking to diversify beyond LLYX? The ETFs below have historically moved differently from LLYX, 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 LLYX
1245 ETFs have low correlation with LLYX (below 0.3), 87 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.23, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.23 | -0.15 | -0.15 | 52 | Oil & Gas | LLYX vs BNO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.22 | — | — | 58 | Commodities | LLYX vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | — | — | 67 | Commodities | LLYX vs GSG | |
| Invesco DB Oil Fund | -0.22 | — | — | 58 | Oil & Gas | LLYX vs DBO | |
| DoubleLine Commodity Strategy ETF | -0.22 | -0.11 | -0.11 | 63 | Commodities | LLYX vs DCMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LLYX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 1.00 | — | — | 83 | Healthcare |
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