Looking to balance out your exposure to LZB? The ETFs below have the lowest correlation with LZB — they tend to move on their own, which can help reduce risk when LZB drops. The stock ideas table highlights individual companies that behave independently from LZB.
Best Diversifiers for LZB
0 ETFs have low correlation with LZB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.33, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.33 | 0.42 | 0.52 | 70 | S&P 500 | LZB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.43 | 0.52 | 70 | S&P 500 | LZB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LZB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LZB and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Dynamics Corporation | 0.21 | 0.26 | 0.30 | 73 |
Build a portfolio that complements LZB
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