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) (Lithium & Battery Metals) with a 1Y correlation of 0.04, 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 | 0.04 | 0.15 | 0.24 | 81 | Lithium & Battery Metals | LNTH vs LIT | |
| Invesco QQQ ETF | 0.13 | 0.20 | 0.32 | 61 | Nasdaq-100 | LNTH vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.24 | 0.35 | 66 | S&P 500 | LNTH vs SPY | |
| Invesco DWA Healthcare Momentum ETF | 0.34 | 0.37 | 0.45 | 87 | Momentum, Health & Biotech Equities | LNTH vs PTH |
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 Sabine Royalty Trust (SBR) (Energy) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sabine Royalty Trust | -0.10 | 0.06 | 0.13 | 66 | Energy | |
| Warrior Met Coal, Inc. | -0.07 | 0.10 | 0.16 | 80 | Basic Materials | |
| Apache Corporation | -0.06 | 0.07 | 0.18 | 87 | Energy | |
| The Vita Coco Company, Inc. | -0.06 | 0.10 | — | 89 | Consumer Defensive | |
| Devon Energy Corporation | -0.04 | 0.09 | 0.17 | 73 | Energy |
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