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
285 ETFs have low correlation with LMT (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.05, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.05 | -0.10 | -0.00 | 90 | Leveraged Equities, Semiconductors | LMT vs USD | |
| Invesco Solar ETF | -0.05 | -0.02 | 0.07 | 85 | Alternative Energy Equities | LMT vs TAN | |
| Vanguard Ultra-Short Bond ETF | -0.04 | 0.03 | 0.02 | 98 | Ultrashort Bond | LMT vs VUSB | |
| YieldMax NVDA Option Income Strategy ETF | -0.03 | -0.09 | — | 52 | Derivative Income, Options Trading | LMT vs NVDY | |
| Global X Lithium & Battery Tech ETF | -0.03 | -0.01 | 0.05 | 94 | Commodity Producers Equities | LMT vs LIT |
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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 -0.11, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.11 | -0.09 | -0.02 | 60 | Consumer Cyclical | |
| Las Vegas Sands Corp. | -0.11 | 0.04 | 0.07 | 58 | Consumer Cyclical | |
| Penn National Gaming, Inc. | -0.09 | -0.03 | 0.03 | 56 | Consumer Cyclical | |
| Apple Inc | -0.08 | -0.04 | 0.08 | 89 | Technology | |
| Monster Beverage Corporation | -0.08 | 0.10 | 0.16 | 79 | Consumer Defensive |
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Build a portfolio that complements LMT
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