Looking to balance out your exposure to LYSDY? The ETFs below have the lowest correlation with LYSDY — they tend to move on their own, which can help reduce risk when LYSDY drops. The stock ideas table highlights individual companies that behave independently from LYSDY.
Best Diversifiers for LYSDY
0 ETFs have low correlation with LYSDY (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals ETF (REMX) (Rare Earth & Strategic Metals) with a 1Y correlation of 0.58, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals ETF | 0.58 | 0.56 | 0.59 | 82 | Rare Earth & Strategic Metals | LYSDY vs REMX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LYSDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LYSDY and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.07 | 0.01 | 0.05 | 62 | Communication Services | |
| Capital Southwest Corporation | -0.04 | 0.05 | 0.17 | 70 | Financial Services | |
| Equinor ASA | -0.00 | 0.13 | 0.18 | 68 | Energy | |
| Life Time Group Holdings, Inc. | 0.02 | 0.06 | 0.16 | 68 | Consumer Cyclical | |
| AppLovin Corporation | 0.03 | 0.12 | 0.16 | 58 | Communication Services |
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