Looking to balance out your exposure to LMND? The ETFs below have the lowest correlation with LMND — they tend to move on their own, which can help reduce risk when LMND drops. The stock ideas table highlights individual companies that behave independently from LMND.
Best Diversifiers for LMND
3 ETFs have low correlation with LMND (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.15, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.33 | 0.38 | 91 | Dividend | LMND vs SCHD | |
| VanEck Semiconductor ETF | 0.26 | 0.29 | 0.39 | 90 | Semiconductors, Technology Equities | LMND vs SMH | |
| Global X Lithium & Battery Tech ETF | 0.27 | 0.30 | 0.40 | 77 | Lithium & Battery Metals | LMND vs LIT | |
| Vanguard International High Dividend Yield ETF | 0.30 | 0.36 | 0.39 | 84 | Dividend, Foreign Large Cap Equities | LMND vs VYMI | |
| Vanguard Value ETF | 0.32 | 0.42 | 0.42 | 91 | Large Cap Value Equities | LMND vs VTV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LMND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LMND and solid risk/return profiles. The least correlated is Centene Corporation (CNC) (Healthcare) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Centene Corporation | -0.03 | 0.03 | 0.08 | 90 | Healthcare | |
| Valaris Limited | 0.06 | 0.15 | 0.17 | 79 | Energy | |
| Syndax Pharmaceuticals, Inc. | 0.07 | 0.23 | 0.30 | 93 | Healthcare | |
| Target Corporation | 0.14 | 0.23 | 0.30 | 80 | Consumer Defensive | |
| UnitedHealth Group Incorporated | 0.15 | 0.09 | 0.11 | 77 | Healthcare |
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