Looking to balance out your exposure to LYB? The ETFs below have historically moved differently from LYB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LYB
8 ETFs have low correlation with LYB (below 0.3), 5 of which are negatively correlated. The least correlated is PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) (Multisector Bonds) with a 1Y correlation of -0.18, down from 0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.18 | 0.01 | — | 58 | Multisector Bonds | LYB vs PYLD | |
| JPMorgan Income ETF | -0.14 | 0.07 | — | 94 | Multisector Bonds | LYB vs JPIE | |
| Invesco QQQ ETF | -0.06 | 0.13 | 0.24 | 54 | Nasdaq-100 | LYB vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.04 | 0.14 | 0.24 | 60 | Nasdaq-100, Derivative Income | LYB vs JEPQ | |
| State Street SPDR S&P 500 ETF | -0.04 | 0.23 | 0.35 | 71 | S&P 500 | LYB vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LYB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.17 | 0.05 | 0.14 | 92 | Consumer Defensive | |
| Banco Santander, S.A. | -0.13 | 0.11 | 0.30 | 90 | Financial Services | |
| Lloyds Banking Group plc | -0.13 | 0.10 | 0.29 | 82 | Financial Services | |
| Citigroup Inc. | -0.11 | 0.18 | 0.36 | 87 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.11 | 0.08 | 0.18 | 89 | Technology |
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