Looking to balance out your exposure to LNT? The ETFs below have historically moved differently from LNT, 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 LNT
3 ETFs have low correlation with LNT (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.23 | -0.07 | 0.07 | 54 | Nasdaq-100 | LNT vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.08 | 0.10 | 0.22 | 71 | S&P 500 | LNT vs SPY | |
| Invesco S&P SmallCap Momentum ETF | 0.06 | 0.21 | 0.23 | 64 | Momentum, Small Cap Growth Equities | LNT vs XSMO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LNT, 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 Amphenol Corporation (APH) (Technology) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amphenol Corporation | -0.11 | 0.00 | 0.15 | 78 | Technology | |
| The Goldman Sachs Group, Inc. | -0.11 | 0.15 | 0.19 | 83 | Financial Services | |
| Caterpillar Inc. | 0.05 | 0.13 | 0.18 | 93 | Industrials | |
| Newmont Corporation | 0.06 | 0.21 | 0.23 | 74 | Basic Materials | |
| Petróleo Brasileiro S.A. - Petrobras | 0.06 | 0.13 | 0.10 | 79 | Energy |
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