Looking to balance out your exposure to LNVGY? The ETFs below have historically moved differently from LNVGY, 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 LNVGY
0 ETFs have low correlation with LNVGY (below 0.3), 0 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 0.41, up from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.30 | 0.28 | 72 | S&P 500 | LNVGY vs SPY | |
| Vanguard S&P 500 ETF | 0.41 | 0.30 | 0.28 | 72 | S&P 500 | LNVGY vs VOO | |
| Vanguard Information Technology ETF | 0.47 | 0.31 | 0.29 | 58 | Technology Equities | LNVGY vs VGT | |
| Roundhill Generative AI & Technology ETF | 0.51 | 0.39 | — | 73 | Artificial Intelligence, Technology Equities | LNVGY vs CHAT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LNVGY, 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 Iron Mountain Incorporated (IRM) (Real Estate) with a 1Y correlation of 0.14, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Iron Mountain Incorporated | 0.14 | 0.19 | 0.18 | 73 | Real Estate | |
| HP Inc. | 0.14 | 0.22 | 0.23 | 57 | Technology | |
| Lumentum Holdings Inc. | 0.17 | 0.20 | 0.19 | 99 | Technology | |
| Alphabet Inc. Class A | 0.17 | 0.15 | 0.17 | 95 | Communication Services | |
| Akamai Technologies, Inc. | 0.18 | 0.21 | 0.18 | 77 | Technology |
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