Looking to balance out your exposure to LMT? The ETFs below have the lowest correlation with LMT — they tend to move on their own, which can help reduce risk when LMT drops. The stock ideas table highlights individual companies that behave independently from LMT.
Best Diversifiers for LMT
283 ETFs have low correlation with LMT (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.07 | -0.12 | -0.02 | 76 | Leveraged Equities, Semiconductors | LMT vs USD | |
| JPMorgan Ultra-Short Income ETF | -0.07 | 0.01 | -0.00 | 99 | Ultrashort Bond | LMT vs JPST | |
| State Street Technology Select Sector SPDR ETF | -0.06 | -0.07 | 0.04 | 66 | Technology Equities | LMT vs XLK | |
| iShares U.S. Technology ETF | -0.06 | -0.09 | 0.02 | 63 | Technology Equities | LMT vs IYW | |
| Convergence Long/Short Equity ETF | -0.06 | -0.03 | 0.11 | 96 | Long-Short, Actively Managed | LMT vs CLSE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LMT and solid risk/return profiles. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.10, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.10 | -0.05 | 0.03 | 99 | Technology | |
| Monster Beverage Corporation | -0.09 | 0.10 | 0.15 | 93 | Consumer Defensive | |
| Amazon.com, Inc | -0.09 | -0.08 | -0.01 | 54 | Consumer Cyclical | |
| Broadcom Inc. | -0.09 | -0.08 | 0.02 | 72 | Technology | |
| Western Digital Corporation | -0.08 | -0.08 | -0.00 | 99 | Technology |
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Build a portfolio that complements LMT
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