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
1 ETFs have low correlation with LPX (below 0.3), 0 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.
| 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 | 0.36 | 0.46 | 0.54 | 66 | S&P 500 | LPX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.46 | 0.54 | 66 | S&P 500 | LPX vs SPY | |
| iShares Core S&P 500 ETF | 0.37 | 0.46 | 0.54 | 66 | 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 Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.14, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.14 | 0.10 | 0.22 | 59 | Energy | |
| Occidental Petroleum Corporation | -0.13 | 0.07 | 0.18 | 62 | Energy | |
| Chevron Corporation | -0.11 | 0.10 | 0.19 | 70 | Energy | |
| Marathon Petroleum Corporation | -0.09 | 0.13 | 0.23 | 90 | Energy | |
| SM Energy Company | -0.08 | 0.16 | 0.25 | 51 | Energy |
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