Looking to balance out your exposure to LNW? The ETFs below have the lowest correlation with LNW — they tend to move on their own, which can help reduce risk when LNW drops. The stock ideas table highlights individual companies that behave independently from LNW.
Best Diversifiers for LNW
4 ETFs have low correlation with LNW (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.00 | -0.01 | 100 | Ultrashort Bond | LNW vs SGOV | |
| Vanguard Information Technology ETF | 0.20 | 0.39 | 0.49 | 76 | Technology Equities | LNW vs VGT | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.43 | 0.53 | 70 | S&P 500 | LNW vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.43 | 0.53 | 70 | S&P 500 | LNW vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LNW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LNW and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.07, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.07 | 0.26 | 0.36 | 84 | Technology | |
| KLA Corporation | 0.09 | 0.28 | 0.40 | 95 | Technology | |
| F5 Networks, Inc. | 0.10 | 0.27 | 0.40 | 68 | Technology | |
| NVIDIA Corporation | 0.14 | 0.28 | 0.40 | 78 | Technology | |
| Amazon.com, Inc | 0.14 | 0.31 | 0.41 | 60 | Consumer Cyclical |
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