Looking to balance out your exposure to LTH? The ETFs below have historically moved differently from LTH, 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 LTH
1 ETFs have low correlation with LTH (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.23, down from 0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.23 | 0.34 | — | 58 | Nasdaq-100 | LTH vs QQQ | |
| Vanguard S&P 500 ETF | 0.34 | 0.42 | — | 78 | S&P 500 | LTH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.42 | — | 78 | S&P 500 | LTH vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LTH, 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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.12 | -0.01 | 0.05 | 85 | Energy | |
| Cheniere Energy, Inc. | -0.06 | 0.09 | 0.15 | 53 | Energy | |
| Celestica Inc. | -0.05 | 0.17 | — | 76 | Technology | |
| Lynas Rare Earths Ltd ADR | -0.02 | 0.06 | 0.15 | 63 | Basic Materials | |
| Enbridge Inc. | 0.03 | 0.18 | 0.24 | 82 | Energy |
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