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
55 ETFs have low correlation with LRCX (below 0.3), 13 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | -0.08 | 0.02 | 66 | Oil & Gas | LRCX vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.21 | -0.04 | 0.04 | 54 | Leveraged Commodities | LRCX vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.04 | -0.00 | 100 | Ultrashort Bond | LRCX vs SGOV | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.16 | 0.02 | 0.09 | 74 | Commodities | LRCX vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.16 | 0.03 | 0.10 | 75 | Commodities | LRCX vs DBC |
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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 -0.27, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.14 | -0.04 | 69 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.23 | -0.21 | -0.02 | 68 | Financial Services | |
| Chevron Corporation | -0.21 | -0.03 | 0.11 | 83 | Energy | |
| Verizon Communications Inc. | -0.20 | -0.14 | -0.06 | 59 | Communication Services | |
| ConocoPhillips Company | -0.19 | -0.02 | 0.11 | 76 | Energy |
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