Looking to balance out your exposure to LYG? The ETFs below have the lowest correlation with LYG — they tend to move on their own, which can help reduce risk when LYG drops. The stock ideas table highlights individual companies that behave independently from LYG.
Best Diversifiers for LYG
3 ETFs have low correlation with LYG (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.10 | 0.08 | 0.25 | 59 | Energy Equities | LYG vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.09 | -0.03 | 100 | Government Bonds, Ultrashort Bond | LYG vs BIL | |
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.34 | 0.46 | 91 | Dividend | LYG vs SCHD | |
| Invesco QQQ ETF | 0.45 | 0.37 | 0.41 | 53 | Nasdaq-100 | LYG vs QQQ | |
| Global X Copper Miners ETF | 0.48 | 0.45 | 0.48 | 56 | Copper | LYG vs COPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LYG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LYG and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.03 | 0.09 | 0.19 | 84 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.04 | 0.16 | 0.21 | 80 | Energy | |
| Warner Bros. Discovery, Inc. | 0.12 | 0.28 | 0.34 | 96 | Communication Services | |
| Borr Drilling Ltd | 0.15 | 0.19 | 0.22 | 88 | Energy | |
| Berkshire Hathaway Inc. | 0.15 | 0.24 | 0.37 | 53 | Financial Services |
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Build a portfolio that complements LYG
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