Looking to balance out your exposure to LPLA? The ETFs below have the lowest correlation with LPLA — they tend to move on their own, which can help reduce risk when LPLA drops. The stock ideas table highlights individual companies that behave independently from LPLA.
Best Diversifiers for LPLA
3 ETFs have low correlation with LPLA (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) (Foreign Large Cap Equities) with a 1Y correlation of 0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 0.07 | 0.12 | 0.29 | 53 | Foreign Large Cap Equities, Dividend | LPLA vs HDEF | |
| Schwab Fundamental International Equity ETF | 0.18 | 0.20 | 0.35 | 84 | Foreign Large Cap Equities, Large Cap Value Equities | LPLA vs FNDF | |
| Vanguard International High Dividend Yield ETF | 0.22 | 0.21 | 0.36 | 82 | Dividend, Foreign Large Cap Equities | LPLA vs VYMI | |
| NEOS S&P 500 High Income ETF | 0.30 | 0.35 | — | 71 | Derivative Income, S&P 500 | LPLA vs SPYI | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.35 | 0.44 | 66 | S&P 500 | LPLA vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LPLA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LPLA and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of -0.12, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | -0.12 | 0.02 | 0.13 | 92 | Real Estate | |
| Eli Lilly and Company | -0.08 | 0.06 | 0.10 | 78 | Healthcare | |
| AstraZeneca PLC | -0.08 | 0.03 | 0.09 | 65 | Healthcare | |
| Coca-Cola Consolidated, Inc. | -0.07 | 0.06 | 0.14 | 84 | Consumer Defensive | |
| Johnson & Johnson | -0.06 | -0.04 | 0.03 | 97 | Healthcare |
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