Looking to balance out your exposure to LPX? The ETFs below have the lowest correlation with LPX — they tend to move on their own, which can help reduce risk when LPX drops. The stock ideas table highlights individual companies that behave independently from LPX.
Best Diversifiers for LPX
0 ETFs have low correlation with LPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.38, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.38 | 0.46 | 0.54 | 74 | S&P 500 | LPX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.46 | 0.54 | 74 | S&P 500 | LPX vs SPY | |
| iShares Core S&P 500 ETF | 0.38 | 0.46 | 0.54 | 74 | S&P 500 | LPX vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LPX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.07 | 0.14 | 0.21 | 84 | Energy | |
| Chord Energy Corp | -0.05 | 0.16 | 0.25 | 78 | Energy | |
| Frontline Ltd. | 0.06 | 0.10 | 0.14 | 89 | Energy | |
| The New York Times Company | 0.06 | 0.26 | 0.32 | 79 | Communication Services | |
| Broadcom Inc. | 0.10 | 0.21 | 0.32 | 76 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LPX
Add LPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LPX