Looking to balance out your exposure to LX? The ETFs below have the lowest correlation with LX — they tend to move on their own, which can help reduce risk when LX drops. The stock ideas table highlights individual companies that behave independently from LX.
Best Diversifiers for LX
14 ETFs have low correlation with LX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Enhanced Short Maturity Active ETF (MINT) (Ultrashort Bond) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | 0.05 | 0.04 | 0.10 | 100 | Ultrashort Bond | LX vs MINT | |
| Fidelity Low Duration Bond Factor ETF | 0.11 | 0.06 | 0.06 | 98 | Short-Term Bond, Corporate Bonds | LX vs FLDR | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | 0.20 | 0.29 | 0.33 | 65 | Alternative Energy Equities | LX vs GRID | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 0.22 | — | — | 64 | Derivative Income, Options Trading | LX vs QDTE | |
| iShares MSCI Emerging Markets ex China ETF | 0.23 | 0.28 | 0.36 | 86 | Emerging Markets Equities | LX vs EMXC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LX and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.12 | 0.05 | 0.05 | 70 | Consumer Defensive | |
| Howmet Aerospace Inc. | -0.00 | 0.12 | 0.18 | 86 | Industrials | |
| Elbit Systems Ltd | 0.03 | 0.06 | 0.07 | 85 | Industrials | |
| Eli Lilly and Company | 0.05 | 0.08 | 0.06 | 75 | Healthcare | |
| American Healthcare REIT, Inc. | 0.07 | 0.15 | 0.15 | 83 | Real Estate |
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