Looking to balance out your exposure to LQDA? The ETFs below have historically moved differently from LQDA, 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 LQDA
7 ETFs have low correlation with LQDA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Asia 50 ETF (AIA) (Asia Pacific Equities) with a 1Y correlation of 0.07, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Asia 50 ETF | 0.07 | 0.18 | 0.21 | 82 | Asia Pacific Equities | LQDA vs AIA | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.13 | 0.18 | 0.23 | 91 | Leveraged Equities, Semiconductors | LQDA vs SOXL | |
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.15 | 0.19 | 95 | Dividend | LQDA vs SCHD | |
| iShares MSCI ACWI ETF | 0.16 | 0.26 | 0.27 | 71 | Global Equities | LQDA vs ACWI | |
| Vanguard Total World Stock ETF | 0.17 | 0.27 | 0.28 | 71 | Global Equities | LQDA vs VT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LQDA, 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 Diversified Healthcare Trust (DHC) (Real Estate) with a 1Y correlation of -0.02, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diversified Healthcare Trust | -0.02 | 0.07 | 0.10 | 98 | Real Estate | |
| Nordic American Tankers Limited | -0.01 | 0.11 | 0.13 | 98 | Industrials | |
| Lumentum Holdings Inc. | 0.01 | 0.15 | 0.16 | 99 | Technology | |
| Ciena Corporation | 0.01 | 0.13 | 0.16 | 97 | Technology | |
| The Coca-Cola Company | 0.02 | 0.01 | 0.03 | 86 | Consumer Defensive |
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