Looking to balance out your exposure to LNT? The ETFs below have the lowest correlation with LNT — they tend to move on their own, which can help reduce risk when LNT drops. The stock ideas table highlights individual companies that behave independently from LNT.
Best Diversifiers for LNT
2 ETFs have low correlation with LNT (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.01 | 0.13 | 0.24 | 74 | S&P 500 | LNT vs SPY | |
| Invesco S&P SmallCap Momentum ETF | 0.13 | 0.23 | 0.22 | 65 | Momentum, Small Cap Growth Equities | LNT vs XSMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LNT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LNT and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | -0.02 | 0.20 | 0.21 | 93 | Financial Services | |
| Amphenol Corporation | -0.01 | 0.04 | 0.17 | 77 | Technology | |
| AXIA Energia SA | 0.06 | 0.18 | 0.16 | 88 | Utilities | |
| Penske Automotive Group, Inc. | 0.10 | 0.20 | 0.20 | 50 | Consumer Cyclical | |
| Caterpillar Inc. | 0.12 | 0.15 | 0.19 | 98 | Industrials |
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