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
7 ETFs have low correlation with LYB (below 0.3), 6 of which are negatively correlated. The least correlated is PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) (Multisector Bonds) with a 1Y correlation of -0.11, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.11 | 0.05 | 0.05 | 69 | Multisector Bonds | LYB vs PYLD | |
| JPMorgan Income ETF | -0.07 | 0.11 | 0.17 | 94 | Multisector Bonds | LYB vs JPIE | |
| Invesco QQQ ETF | -0.03 | 0.16 | 0.25 | 59 | Nasdaq-100 | LYB vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.01 | 0.16 | — | 64 | Nasdaq-100, Derivative Income | LYB vs JEPQ | |
| VanEck IG Floating Rate ETF | -0.00 | 0.08 | 0.14 | 99 | Corporate Bonds, Ultrashort Bond | LYB vs FLTR |
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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 Ackermans & Van Haaren NV ADR (AVHNY) (Industrials) with a 1Y correlation of -0.07, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ackermans & Van Haaren NV ADR | -0.07 | -0.05 | -0.05 | 94 | Industrials | |
| Corning Incorporated | -0.06 | 0.16 | 0.32 | 98 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.05 | 0.10 | 0.19 | 93 | Technology | |
| Citigroup Inc. | -0.05 | 0.22 | 0.39 | 94 | Financial Services | |
| Sandoz Group AG | -0.04 | -0.05 | -0.05 | 90 | Healthcare |
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