Looking to balance out your exposure to LRN? The ETFs below have the lowest correlation with LRN — they tend to move on their own, which can help reduce risk when LRN drops. The stock ideas table highlights individual companies that behave independently from LRN.
Best Diversifiers for LRN
19 ETFs have low correlation with LRN (below 0.3), 2 of which are negatively correlated. The least correlated is Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.04 | -0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | LRN vs GBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | -0.01 | -0.04 | 100 | Ultrashort Bond | LRN vs SGOV | |
| iMGP DBi Managed Futures Strategy ETF | 0.01 | 0.10 | 0.09 | 76 | Systematic Trend | LRN vs DBMF | |
| Direxion Daily GOOGL Bull 2X Shares | 0.01 | 0.11 | — | 94 | Leveraged Equities | LRN vs GGLL | |
| PIMCO Enhanced Short Maturity Active ETF | 0.06 | 0.03 | 0.01 | 100 | Ultrashort Bond | LRN vs MINT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LRN and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.10 | 0.05 | 0.17 | 98 | Technology | |
| Exelon Corporation | -0.08 | 0.01 | 0.06 | 61 | Utilities | |
| AbbVie Inc. | -0.06 | 0.02 | 0.06 | 74 | Healthcare | |
| Teekay Tankers Ltd. | -0.06 | 0.07 | 0.11 | 89 | Energy | |
| Praxis Precision Medicines, Inc. | -0.05 | 0.06 | 0.10 | 98 | Healthcare |
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Build a portfolio that complements LRN
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