Looking to balance out your exposure to LXRX? The ETFs below have the lowest correlation with LXRX — they tend to move on their own, which can help reduce risk when LXRX drops. The stock ideas table highlights individual companies that behave independently from LXRX.
Best Diversifiers for LXRX
1 ETFs have low correlation with LXRX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.26, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.27 | 0.33 | 70 | S&P 500 | LXRX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LXRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LXRX and solid risk/return profiles. The least correlated is Northern Dynasty Minerals Ltd. (NAK) (Basic Materials) with a 1Y correlation of 0.19, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Northern Dynasty Minerals Ltd. | 0.19 | 0.15 | 0.18 | 65 | Basic Materials |
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