Looking to balance out your exposure to LYV? The ETFs below have the lowest correlation with LYV — they tend to move on their own, which can help reduce risk when LYV drops. The stock ideas table highlights individual companies that behave independently from LYV.
Best Diversifiers for LYV
2 ETFs have low correlation with LYV (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.21, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.21 | 0.37 | 0.48 | 76 | Technology Equities | LYV vs VGT | |
| Invesco QQQ ETF | 0.25 | 0.41 | 0.51 | 73 | Nasdaq-100 | LYV vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.47 | 0.55 | 70 | S&P 500 | LYV vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.47 | 0.55 | 70 | S&P 500 | LYV vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LYV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LYV and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.02 | 0.08 | 0.14 | 60 | Basic Materials | |
| Intel Corporation | 0.03 | 0.21 | 0.30 | 98 | Technology | |
| Verizon Communications Inc. | 0.06 | 0.08 | 0.09 | 59 | Communication Services | |
| The Williams Companies, Inc. | 0.06 | 0.20 | 0.25 | 66 | Energy | |
| Apple Inc | 0.07 | 0.21 | 0.34 | 89 | Technology |
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