Looking to balance out your exposure to LRLCY? The ETFs below have historically moved differently from LRLCY, 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 LRLCY
1 ETFs have low correlation with LRLCY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Floating Rate Bond ETF (FLOT) (Ultrashort Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Bond ETF | 0.18 | 0.19 | 0.18 | 99 | Ultrashort Bond, Corporate Bonds | LRLCY vs FLOT | |
| Vanguard S&P 500 ETF | 0.34 | 0.36 | 0.45 | 78 | S&P 500 | LRLCY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.36 | 0.45 | 78 | S&P 500 | LRLCY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LRLCY, 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 Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.11, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.11 | -0.00 | 0.08 | 93 | Energy | |
| Shell plc | -0.03 | 0.08 | 0.12 | 80 | Energy | |
| Saipem SpA ADR | 0.00 | 0.06 | 0.04 | 83 | Energy | |
| NVIDIA Corporation | 0.02 | 0.09 | 0.24 | 61 | Technology | |
| Western Digital Corporation | 0.07 | 0.13 | 0.24 | 99 | Technology |
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