Looking to balance out your exposure to LRCX? The ETFs below have the lowest correlation with LRCX — they tend to move on their own, which can help reduce risk when LRCX drops. The stock ideas table highlights individual companies that behave independently from LRCX.
Best Diversifiers for LRCX
62 ETFs have low correlation with LRCX (below 0.3), 20 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.17, down 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 | -0.17 | -0.06 | -0.02 | 100 | Ultrashort Bond | LRCX vs SGOV | |
| State Street Energy Select Sector SPDR ETF | -0.16 | 0.03 | 0.15 | 54 | Energy Equities | LRCX vs XLE | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.09 | -0.03 | 100 | Government Bonds, Ultrashort Bond | LRCX vs USFR | |
| Global X MLP & Energy Infrastructure ETF | -0.14 | 0.10 | 0.23 | 70 | MLPs | LRCX vs MLPX | |
| Alerian MLP ETF | -0.14 | 0.10 | 0.21 | 53 | MLPs | LRCX vs AMLP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LRCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LRCX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.31, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.31 | -0.19 | -0.07 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.27 | -0.17 | -0.08 | 57 | Communication Services | |
| Chevron Corporation | -0.25 | -0.05 | 0.09 | 73 | Energy | |
| Arch Capital Group Ltd. | -0.23 | -0.10 | 0.05 | 62 | Financial Services | |
| Colgate-Palmolive Company | -0.23 | -0.15 | -0.04 | 50 | Consumer Defensive |
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