Looking to balance out your exposure to LUMN? The ETFs below have historically moved differently from LUMN, 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 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 0.05, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.05 | 0.25 | 0.36 | 95 | Dividend | LUMN vs SCHD | |
| Invesco PHLX Semiconductor ETF | 0.48 | 0.33 | 0.32 | 88 | Semiconductors, Technology Equities | LUMN vs SOXQ | |
| Vanguard S&P 500 ETF | 0.49 | 0.40 | 0.40 | 68 | S&P 500 | LUMN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.40 | 0.40 | 67 | S&P 500 | LUMN vs SPY | |
| State Street Technology Select Sector SPDR ETF | 0.51 | 0.35 | 0.33 | 55 | Technology Equities | LUMN vs XLK |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LUMN, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.22, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.22 | -0.02 | 0.11 | 89 | Financial Services | |
| Colgate-Palmolive Company | -0.20 | -0.05 | 0.06 | 59 | Consumer Defensive | |
| Altria Group, Inc. | -0.17 | -0.01 | 0.12 | 66 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.15 | 0.08 | 0.22 | 61 | Financial Services | |
| Philip Morris International Inc. | -0.15 | 0.03 | 0.13 | 66 | Consumer Defensive |
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