Looking to balance out your exposure to LZM? The ETFs below have the lowest correlation with LZM — they tend to move on their own, which can help reduce risk when LZM drops. The stock ideas table highlights individual companies that behave independently from LZM.
Best Diversifiers for LZM
0 ETFs have low correlation with LZM (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.37, up from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.37 | 0.22 | 0.22 | 59 | Nasdaq-100 | LZM vs QQQ | |
| Vanguard S&P 500 ETF | 0.39 | 0.22 | 0.22 | 59 | S&P 500 | LZM vs VOO |
Diversification Analysis
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