Looking to balance out your exposure to LMAT? The ETFs below have the lowest correlation with LMAT — they tend to move on their own, which can help reduce risk when LMAT drops. The stock ideas table highlights individual companies that behave independently from LMAT.
Best Diversifiers for LMAT
0 ETFs have low correlation with LMAT (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 0.32, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.39 | 0.45 | 74 | S&P 500 | LMAT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.39 | 0.45 | 74 | S&P 500 | LMAT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LMAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LMAT and solid risk/return profiles. The least correlated is Transportadora de Gas del Sur S.A. (TGS) (Energy) with a 1Y correlation of -0.01, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Transportadora de Gas del Sur S.A. | -0.01 | 0.05 | 0.10 | 51 | Energy | |
| United Therapeutics Corporation | 0.09 | 0.14 | 0.18 | 86 | Healthcare |
Build a portfolio that complements LMAT
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