Looking to balance out your exposure to LMT? The ETFs below have historically moved differently from LMT, 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 LMT
312 ETFs have low correlation with LMT (below 0.3), 67 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of -0.08, roughly unchanged from -0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | -0.08 | -0.03 | — | 97 | Long-Short, Actively Managed | LMT vs CLSE | |
| JPMorgan Ultra-Short Income ETF | -0.07 | 0.01 | -0.01 | 99 | Ultrashort Bond | LMT vs JPST | |
| State Street Technology Select Sector SPDR ETF | -0.07 | -0.07 | 0.03 | 62 | Technology Equities | LMT vs XLK | |
| ProShares Ultra Semiconductors | -0.07 | -0.11 | -0.01 | 58 | Leveraged Equities, Semiconductors | LMT vs USD | |
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | -0.07 | -0.07 | 0.03 | 76 | Nasdaq-100, Momentum | LMT vs QQQA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LMT, 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 Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.11, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.11 | -0.05 | 0.03 | 99 | Technology | |
| Clear Secure, Inc. | -0.10 | 0.02 | 0.05 | 89 | Technology | |
| Western Digital Corporation | -0.09 | -0.09 | -0.01 | 99 | Technology | |
| Monster Beverage Corporation | -0.08 | 0.10 | 0.14 | 92 | Consumer Defensive | |
| Broadcom Inc. | -0.08 | -0.08 | 0.02 | 68 | Technology |
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