Looking to balance out your exposure to LMB? The ETFs below have the lowest correlation with LMB — they tend to move on their own, which can help reduce risk when LMB drops. The stock ideas table highlights individual companies that behave independently from LMB.
Best Diversifiers for LMB
0 ETFs have low correlation with LMB (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Momentum Factor ETF (FDMO) (Momentum) with a 1Y correlation of 0.35, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Momentum Factor ETF | 0.35 | 0.42 | 0.37 | 57 | Momentum, Large Cap Growth Equities | LMB vs FDMO | |
| Vanguard Total Stock Market ETF | 0.36 | 0.42 | 0.38 | 68 | Large Cap Blend Equities | LMB vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LMB and solid risk/return profiles. The least correlated is Dillard's, Inc. (DDS) (Consumer Cyclical) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dillard's, Inc. | -0.04 | 0.10 | 0.14 | 78 | Consumer Cyclical | |
| Cboe Global Markets, Inc. | -0.01 | -0.09 | -0.02 | 68 | Financial Services | |
| Fortinet, Inc. | 0.00 | 0.18 | 0.22 | 66 | Technology | |
| American Healthcare REIT, Inc. | 0.08 | 0.15 | 0.15 | 81 | Real Estate | |
| Danaos Corporation | 0.09 | 0.15 | 0.17 | 91 | Industrials |
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