Looking to balance out your exposure to LXP? The ETFs below have the lowest correlation with LXP — they tend to move on their own, which can help reduce risk when LXP drops. The stock ideas table highlights individual companies that behave independently from LXP.
Best Diversifiers for LXP
2 ETFs have low correlation with LXP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.24, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.39 | 0.47 | 70 | S&P 500 | LXP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.38 | 0.47 | 70 | S&P 500 | LXP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LXP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LXP and solid risk/return profiles. The least correlated is Global Net Lease, Inc. (GNL) (Real Estate) with a 1Y correlation of 0.46, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Global Net Lease, Inc. | 0.46 | 0.61 | 0.63 | 79 | Real Estate | |
| W. P. Carey Inc. | 0.46 | 0.55 | 0.58 | 79 | Real Estate |
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