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 Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.38, up from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.38 | 0.23 | — | 66 | S&P 500 | LZM vs VOO | |
| Invesco QQQ ETF | 0.38 | 0.23 | — | 58 | Nasdaq-100 | LZM vs QQQ |
Diversification Analysis
Build a portfolio that complements LZM
Add LZM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LZM