Looking to balance out your exposure to LUMN? The ETFs below have the lowest correlation with LUMN — they tend to move on their own, which can help reduce risk when LUMN drops. The stock ideas table highlights individual companies that behave independently from LUMN.
Best Diversifiers for LUMN
1 ETFs have low correlation with LUMN (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.09, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.09 | 0.26 | 0.37 | 86 | Dividend | LUMN vs SCHD | |
| Invesco PHLX Semiconductor ETF | 0.46 | 0.31 | 0.31 | 92 | Semiconductors, Technology Equities | LUMN vs SOXQ | |
| Vanguard S&P 500 ETF | 0.48 | 0.39 | 0.40 | 66 | S&P 500 | LUMN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.39 | 0.40 | 66 | S&P 500 | LUMN vs SPY | |
| State Street Technology Select Sector SPDR ETF | 0.48 | 0.33 | 0.33 | 63 | Technology Equities | LUMN vs XLK |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LUMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LUMN and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.17 | -0.02 | 0.11 | 86 | Financial Services | |
| Colgate-Palmolive Company | -0.16 | -0.04 | 0.07 | 53 | Consumer Defensive | |
| Altria Group, Inc. | -0.16 | -0.01 | 0.12 | 81 | Consumer Defensive | |
| The Hershey Company | -0.15 | 0.00 | 0.07 | 54 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.13 | 0.09 | 0.23 | 53 | Financial Services |
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