Looking to diversify beyond LONZ? The ETFs below have the lowest correlation with LONZ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LONZ.
Best Diversifiers for LONZ
561 ETFs have low correlation with LONZ (below 0.3), 85 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.18, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.18 | -0.01 | — | 65 | Oil & Gas | LONZ vs BNO | |
| United States Oil Fund LP | -0.17 | -0.02 | — | 66 | Oil & Gas | LONZ vs USO | |
| Invesco DB Energy Fund | -0.16 | -0.01 | — | 71 | Oil & Gas | LONZ vs DBE | |
| Invesco DB Oil Fund | -0.16 | -0.01 | — | 65 | Oil & Gas | LONZ vs DBO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.16 | 0.00 | 0.09 | 55 | Oil & Gas | LONZ vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LONZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LONZ and solid risk/return profiles. The least correlated is Cohen & Steers Quality Income Realty Fund (RQI) (Financial Services) with a 1Y correlation of 0.24, roughly unchanged from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund | 0.24 | 0.19 | — | 67 | Financial Services |
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