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
250 ETFs have low correlation with LMT (below 0.3), 44 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | -0.07 | 0.02 | -0.00 | 99 | Ultrashort Bond | LMT vs JPST | |
| ProShares Ultra Semiconductors | -0.07 | -0.10 | -0.01 | 82 | Leveraged Equities, Semiconductors | LMT vs USD | |
| Janus Henderson AAA CLO ETF | -0.06 | 0.02 | 0.03 | 98 | CLO | LMT vs JAAA | |
| State Street Technology Select Sector SPDR ETF | -0.06 | -0.06 | 0.04 | 66 | Technology Equities | LMT vs XLK | |
| iShares U.S. Technology ETF | -0.06 | -0.08 | 0.02 | 59 | Technology Equities | LMT vs IYW |
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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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.10 | -0.08 | -0.01 | 54 | Consumer Cyclical | |
| Las Vegas Sands Corp. | -0.09 | 0.04 | 0.08 | 55 | Consumer Cyclical | |
| Monster Beverage Corporation | -0.07 | 0.11 | 0.15 | 85 | Consumer Defensive | |
| Ambarella, Inc. | -0.07 | -0.07 | -0.02 | 56 | Technology | |
| Apple Inc | -0.07 | -0.03 | 0.08 | 87 | Technology |
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Build a portfolio that complements LMT
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