Looking to balance out your exposure to LXU? The ETFs below have the lowest correlation with LXU — they tend to move on their own, which can help reduce risk when LXU drops. The stock ideas table highlights individual companies that behave independently from LXU.
Best Diversifiers for LXU
5 ETFs have low correlation with LXU (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.05, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.05 | -0.03 | -0.04 | 100 | Government Bonds, Ultrashort Bond | LXU vs BIL | |
| Invesco QQQ ETF | 0.05 | 0.15 | 0.21 | 53 | Nasdaq-100 | LXU vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.06 | 0.22 | 0.28 | 65 | S&P 500 | LXU vs SPY | |
| Vanguard S&P 500 ETF | 0.06 | 0.23 | 0.28 | 66 | S&P 500 | LXU vs VOO | |
| Return Stacked U.S. Stocks & Managed Futures ETF | 0.17 | 0.26 | 0.26 | 68 | Large Cap Blend Equities, Systematic Trend, Actively Managed | LXU vs RSST |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LXU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LXU and solid risk/return profiles. The least correlated is Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of -0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | -0.09 | 0.11 | 0.19 | 73 | Industrials | |
| Essential Utilities, Inc. | -0.01 | 0.12 | 0.10 | 58 | Utilities | |
| Entergy Corporation | 0.03 | 0.11 | 0.10 | 91 | Utilities | |
| Allegheny Technologies Incorporated | 0.04 | 0.26 | 0.32 | 92 | Industrials | |
| International Flavors & Fragrances Inc. | 0.06 | 0.22 | 0.22 | 51 | Basic Materials |
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