Looking to diversify beyond LQD? The ETFs below have the lowest correlation with LQD — 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 LQD.
Best Diversifiers for LQD
351 ETFs have low correlation with LQD (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.44 | -0.46 | 75 | Leveraged Currency | LQD vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.18 | -0.11 | 72 | Oil & Gas | LQD vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.31 | -0.12 | -0.06 | 51 | Commodities | LQD vs PDBC | |
| Fidelity Managed Futures ETF | -0.30 | — | — | 66 | Systematic Trend | LQD vs FFUT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.27 | -0.08 | -0.02 | 65 | Commodities | LQD vs SDCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LQD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LQD and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.29, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.29 | -0.09 | -0.06 | 63 | Energy | |
| Chevron Corporation | -0.25 | -0.06 | -0.03 | 67 | Energy | |
| Occidental Petroleum Corporation | -0.24 | -0.06 | -0.03 | 60 | Energy | |
| Exxon Mobil Corporation | -0.24 | -0.05 | -0.04 | 71 | Energy | |
| Devon Energy Corporation | -0.22 | -0.05 | -0.02 | 69 | Energy |
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Build a portfolio that complements LQD
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