Looking to balance out your exposure to LNC? The ETFs below have the lowest correlation with LNC — they tend to move on their own, which can help reduce risk when LNC drops. The stock ideas table highlights individual companies that behave independently from LNC.
Best Diversifiers for LNC
4 ETFs have low correlation with LNC (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.14, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.14 | 0.16 | 0.17 | 52 | Derivative Income, Options Trading | LNC vs NVDY | |
| YieldMax AMD Option Income Strategy ETF | 0.15 | — | — | 93 | Options Trading, Dividend | LNC vs AMDY | |
| iShares 0-5 Year Investment Grade Corporate Bond E... | 0.20 | 0.11 | 0.09 | 88 | Corporate Bonds | LNC vs SLQD | |
| Vanguard Short-Term Corporate Bond ETF | 0.22 | 0.13 | 0.10 | 74 | Corporate Bonds | LNC vs VCSH | |
| Global X NASDAQ 100 Covered Call ETF | 0.33 | 0.31 | 0.43 | 88 | Nasdaq-100, Derivative Income | LNC vs QYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LNC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LNC and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.09, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.09 | 0.08 | 0.17 | 86 | Energy | |
| Sunoco LP | -0.03 | 0.17 | 0.29 | 76 | Energy | |
| Valero Energy Corporation | 0.00 | 0.18 | 0.30 | 93 | Energy | |
| NIO Inc. | 0.01 | 0.17 | 0.26 | 67 | Consumer Cyclical | |
| Kimbell Royalty Partners, LP | 0.03 | 0.20 | 0.27 | 70 | Energy |
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Build a portfolio that complements LNC
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