Looking to balance out your exposure to LNC? The ETFs below have historically moved differently from LNC, 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 LNC
5 ETFs have low correlation with LNC (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 0.10 | — | — | 81 | Derivative Income, Options Trading | LNC vs AMDY | |
| iShares 0-5 Year Investment Grade Corporate Bond E... | 0.25 | 0.12 | 0.10 | 88 | Corporate Bonds, Investment Grade Bonds | LNC vs SLQD | |
| Global X NASDAQ 100 Covered Call ETF | 0.26 | 0.30 | 0.41 | 83 | Nasdaq-100, Derivative Income | LNC vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.27 | 0.31 | — | 60 | Nasdaq-100, Derivative Income | LNC vs JEPQ | |
| Vanguard Short-Term Corporate Bond ETF | 0.27 | 0.14 | 0.12 | 68 | Corporate Bonds | LNC vs VCSH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LNC, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.08 | 0.06 | 0.16 | 79 | Energy | |
| Chord Energy Corp | -0.06 | 0.18 | 0.29 | 64 | Energy | |
| Kimbell Royalty Partners, LP | -0.06 | 0.17 | 0.25 | 52 | Energy | |
| Devon Energy Corporation | -0.06 | 0.19 | 0.32 | 71 | Energy | |
| Omega Healthcare Investors, Inc. | -0.04 | 0.10 | 0.21 | 82 | Real Estate |
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