Looking to balance out your exposure to LNTH? The ETFs below have the lowest correlation with LNTH — they tend to move on their own, which can help reduce risk when LNTH drops. The stock ideas table highlights individual companies that behave independently from LNTH.
Best Diversifiers for LNTH
3 ETFs have low correlation with LNTH (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Commodity Producers Equities) with a 1Y correlation of 0.09, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.09 | 0.15 | 0.24 | 94 | Commodity Producers Equities | LNTH vs LIT | |
| Invesco QQQ ETF | 0.16 | 0.20 | 0.32 | 73 | Nasdaq-100 | LNTH vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.24 | 0.35 | 70 | S&P 500 | LNTH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LNTH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LNTH and solid risk/return profiles. The least correlated is Apache Corporation (APA) (Energy) with a 1Y correlation of -0.10, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | -0.10 | 0.06 | 0.18 | 90 | Energy | |
| Valero Energy Corporation | -0.07 | 0.05 | 0.11 | 93 | Energy | |
| CF Industries Holdings, Inc. | -0.06 | 0.03 | 0.13 | 60 | Basic Materials | |
| Scorpio Tankers Inc. | -0.05 | 0.04 | 0.15 | 89 | Energy | |
| Coterra Energy Inc. | -0.03 | 0.09 | 0.18 | 79 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LNTH
Add LNTH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LNTH