Looking to balance out your exposure to LMND? The ETFs below have historically moved differently from LMND, 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 LMND
8 ETFs have low correlation with LMND (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.06 | 0.13 | 0.15 | 61 | Energy Equities | LMND vs XLE | |
| State Street Health Care Select Sector SPDR ETF | 0.09 | 0.20 | 0.27 | 60 | Health & Biotech Equities | LMND vs XLV | |
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.33 | 0.38 | 94 | Dividend | LMND vs SCHD | |
| Global X Lithium & Battery Tech ETF | 0.27 | 0.30 | 0.39 | 72 | Lithium & Battery Metals | LMND vs LIT | |
| SPDR S&P Biotech ETF | 0.27 | 0.40 | 0.52 | 93 | Health & Biotech Equities | LMND vs XBI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LMND, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.01 | 0.10 | 0.13 | 89 | Healthcare | |
| The Allstate Corporation | 0.00 | 0.18 | 0.23 | 80 | Financial Services | |
| Centene Corporation | 0.01 | 0.05 | 0.10 | 95 | Healthcare | |
| Valaris Limited | 0.06 | 0.14 | 0.16 | 76 | Energy | |
| Berkshire Hathaway Inc. | 0.08 | 0.23 | 0.27 | 66 | Financial Services |
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