Looking to balance out your exposure to LRCX? The ETFs below have historically moved differently from LRCX, 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 LRCX
74 ETFs have low correlation with LRCX (below 0.3), 24 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.20, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.20 | -0.06 | -0.02 | 100 | Ultrashort Bond | LRCX vs SGOV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.18 | 0.05 | 0.21 | 92 | Large Cap Value Equities, Dividend | LRCX vs FDL | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.09 | -0.03 | 100 | Government Bonds, Ultrashort Bond | LRCX vs USFR | |
| State Street Energy Select Sector SPDR ETF | -0.16 | 0.03 | 0.14 | 75 | Energy Equities | LRCX vs XLE | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.16 | 0.07 | 0.20 | 60 | Energy Equities | LRCX vs XOP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LRCX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.35, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.35 | -0.21 | -0.08 | 66 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.29 | -0.17 | -0.05 | 57 | Consumer Defensive | |
| Verizon Communications Inc. | -0.28 | -0.18 | -0.08 | 66 | Communication Services | |
| Chubb Limited | -0.28 | -0.10 | 0.07 | 87 | Financial Services | |
| Chevron Corporation | -0.27 | -0.05 | 0.08 | 79 | Energy |
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