Looking to balance out your exposure to LNTH? The ETFs below have historically moved differently from LNTH, 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 LNTH
4 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) (Lithium & Battery Metals) with a 1Y correlation of 0.06, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.06 | 0.15 | 0.24 | 77 | Lithium & Battery Metals | LNTH vs LIT | |
| Invesco QQQ ETF | 0.13 | 0.19 | 0.32 | 58 | Nasdaq-100 | LNTH vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.24 | 0.35 | 78 | S&P 500 | LNTH vs SPY | |
| State Street Health Care Select Sector SPDR ETF | 0.29 | 0.27 | 0.32 | 68 | Health & Biotech Equities | LNTH vs XLV | |
| Invesco DWA Healthcare Momentum ETF | 0.35 | 0.38 | 0.45 | 89 | Momentum, Health & Biotech Equities | LNTH vs PTH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LNTH, 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 Sabine Royalty Trust (SBR) (Energy) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sabine Royalty Trust | -0.12 | 0.05 | 0.12 | 64 | Energy | |
| Warrior Met Coal, Inc. | -0.09 | 0.10 | 0.15 | 77 | Basic Materials | |
| CF Industries Holdings, Inc. | -0.07 | 0.04 | 0.12 | 68 | Basic Materials | |
| Apache Corporation | -0.07 | 0.07 | 0.18 | 91 | Energy | |
| Devon Energy Corporation | -0.06 | 0.09 | 0.16 | 78 | Energy |
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