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
0 ETFs have low correlation with LMND (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 0.47, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.47 | 0.45 | 0.50 | 59 | S&P 500 | LMND vs VOO | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.46 | 0.50 | 59 | S&P 500 | LMND vs SPY |
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 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Centene Corporation | 0.01 | 0.04 | 0.09 | 52 | Healthcare | |
| Valaris Limited | 0.08 | 0.17 | 0.18 | 81 | Energy | |
| UnitedHealth Group Incorporated | 0.16 | 0.09 | 0.11 | 69 | Healthcare | |
| PVH Corp. | 0.16 | 0.26 | 0.34 | 53 | Consumer Cyclical | |
| Kontoor Brands, Inc. | 0.16 | 0.29 | 0.33 | 57 | Consumer Cyclical |
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