Looking to balance out your exposure to LNN? The ETFs below have the lowest correlation with LNN — they tend to move on their own, which can help reduce risk when LNN drops. The stock ideas table highlights individual companies that behave independently from LNN.
Best Diversifiers for LNN
2 ETFs have low correlation with LNN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.27, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.27 | 0.36 | 0.45 | 70 | S&P 500 | LNN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.36 | 0.46 | 70 | S&P 500 | LNN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LNN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LNN and solid risk/return profiles. The least correlated is InterDigital, Inc. (IDCC) (Communication Services) with a 1Y correlation of 0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterDigital, Inc. | 0.06 | 0.18 | 0.29 | 51 | Communication Services | |
| Dorian LPG Ltd. | 0.07 | 0.15 | 0.20 | 89 | Energy | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.16 | 0.18 | 0.18 | 71 | Utilities | |
| Select Energy Services, Inc. | 0.21 | 0.26 | 0.30 | 93 | Energy | |
| Eaton Corporation plc | 0.26 | 0.30 | 0.40 | 67 | Industrials |
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