Looking to balance out your exposure to LPX? The ETFs below have historically moved differently from LPX, 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 LPX
1 ETFs have low correlation with LPX (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 -0.01, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.01 | -0.01 | -0.02 | 100 | Ultrashort Bond | LPX vs SGOV | |
| Vanguard S&P 500 ETF | 0.35 | 0.46 | 0.53 | 68 | S&P 500 | LPX vs VOO | |
| iShares Core S&P 500 ETF | 0.35 | 0.46 | 0.53 | 67 | S&P 500 | LPX vs IVV | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.46 | 0.53 | 67 | S&P 500 | LPX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LPX, 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 Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.18, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.18 | 0.10 | 0.21 | 69 | Energy | |
| Occidental Petroleum Corporation | -0.17 | 0.05 | 0.17 | 70 | Energy | |
| EOG Resources, Inc. | -0.16 | 0.08 | 0.16 | 72 | Energy | |
| SM Energy Company | -0.14 | 0.14 | 0.23 | 58 | Energy | |
| Chevron Corporation | -0.13 | 0.10 | 0.18 | 80 | Energy |
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