Looking to balance out your exposure to LSF? The ETFs below have the lowest correlation with LSF — they tend to move on their own, which can help reduce risk when LSF drops. The stock ideas table highlights individual companies that behave independently from LSF.
Best Diversifiers for LSF
1 ETFs have low correlation with LSF (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global 100 ETF (IOO) (Global Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global 100 ETF | 0.27 | 0.15 | 0.17 | 84 | Global Equities | LSF vs IOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.18 | 0.21 | 74 | S&P 500 | LSF vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LSF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LSF and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of 0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.00 | 0.08 | 0.14 | 57 | Technology | |
| Eli Lilly and Company | 0.04 | 0.04 | 0.05 | 75 | Healthcare | |
| Alliance Entertainment Holding Corporation Class A... | 0.05 | 0.06 | 0.04 | 69 | Communication Services | |
| Avino Silver & Gold Mines Ltd. | 0.11 | 0.14 | 0.14 | 73 | Basic Materials | |
| United States Antimony Corporation | 0.13 | 0.13 | 0.12 | 80 | Basic Materials |
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