Looking to balance out your exposure to LYB? The ETFs below have the lowest correlation with LYB — they tend to move on their own, which can help reduce risk when LYB drops. The stock ideas table highlights individual companies that behave independently from LYB.
Best Diversifiers for LYB
8 ETFs have low correlation with LYB (below 0.3), 6 of which are negatively correlated. The least correlated is Simplify Aggregate Bond ETF (AGGH) (Intermediate Core Bond) with a 1Y correlation of -0.15, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Simplify Aggregate Bond ETF | -0.15 | -0.02 | — | 52 | Intermediate Core Bond | LYB vs AGGH | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.13 | 0.03 | — | 74 | Multisector Bonds | LYB vs PYLD | |
| JPMorgan Income ETF | -0.09 | 0.09 | — | 95 | Multisector Bonds | LYB vs JPIE | |
| Invesco QQQ ETF | -0.06 | 0.14 | 0.24 | 53 | Nasdaq-100 | LYB vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.05 | 0.14 | — | 60 | Nasdaq-100, Derivative Income | LYB vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LYB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LYB and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.15 | 0.05 | 0.15 | 94 | Consumer Defensive | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.10 | 0.08 | 0.18 | 89 | Technology | |
| Corning Incorporated | -0.09 | 0.13 | 0.30 | 95 | Technology | |
| Banco Santander, S.A. | -0.09 | 0.12 | 0.32 | 88 | Financial Services | |
| Lloyds Banking Group plc | -0.08 | 0.11 | 0.30 | 84 | Financial Services |
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