Looking to balance out your exposure to ETD? The ETFs below have the lowest correlation with ETD — they tend to move on their own, which can help reduce risk when ETD drops. The stock ideas table highlights individual companies that behave independently from ETD.
Best Diversifiers for ETD
0 ETFs have low correlation with ETD (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 0.41, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.41 | 0.44 | 0.49 | 70 | S&P 500 | ETD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.44 | 0.49 | 70 | S&P 500 | ETD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETD and solid risk/return profiles. The least correlated is Teekay Tankers Ltd. (TNK) (Energy) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Tankers Ltd. | -0.04 | 0.07 | 0.14 | 82 | Energy | |
| Plains All American Pipeline, L.P. | -0.01 | 0.18 | 0.27 | 87 | Energy | |
| Tenaris S.A. | 0.09 | 0.23 | 0.27 | 94 | Energy | |
| Warrior Met Coal, Inc. | 0.17 | 0.22 | 0.24 | 90 | Basic Materials | |
| Zymeworks Inc. | 0.18 | 0.19 | 0.20 | 88 | Healthcare |
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