Looking to balance out your exposure to LSCC? The ETFs below have the lowest correlation with LSCC — they tend to move on their own, which can help reduce risk when LSCC drops. The stock ideas table highlights individual companies that behave independently from LSCC.
Best Diversifiers for LSCC
0 ETFs have low correlation with LSCC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.58, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.58 | 0.58 | 0.65 | 66 | S&P 500 | LSCC vs SPY | |
| Invesco QQQ ETF | 0.61 | 0.61 | 0.69 | 58 | Nasdaq-100 | LSCC vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LSCC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LSCC and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.16, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.16 | -0.08 | -0.02 | 57 | Communication Services | |
| Murphy USA Inc. | -0.13 | 0.00 | 0.09 | 77 | Consumer Cyclical | |
| PPL Corporation | -0.10 | -0.09 | 0.05 | 58 | Utilities | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.06 | 0.16 | 83 | Consumer Defensive | |
| Eli Lilly and Company | 0.02 | 0.09 | 0.12 | 80 | Healthcare |
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