Looking to balance out your exposure to T? The ETFs below have the lowest correlation with T — they tend to move on their own, which can help reduce risk when T drops. The stock ideas table highlights individual companies that behave independently from T.
Best Diversifiers for T
279 ETFs have low correlation with T (below 0.3), 211 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.36, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.36 | -0.18 | 0.03 | 63 | Technology Equities | T vs IYW | |
| Fidelity MSCI Information Technology Index ETF | -0.35 | -0.18 | 0.04 | 61 | Technology Equities | T vs FTEC | |
| Vanguard Information Technology ETF | -0.35 | -0.17 | 0.05 | 60 | Technology Equities | T vs VGT | |
| Direxion Daily Technology Bull 3X Shares | -0.35 | -0.17 | 0.04 | 60 | Leveraged Equities, Technology Equities | T vs TECL | |
| State Street Technology Select Sector SPDR ETF | -0.34 | -0.16 | 0.05 | 66 | Technology Equities | T vs XLK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from T, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to T and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.30, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.30 | -0.16 | -0.02 | 83 | Technology | |
| ASML Holding N.V. | -0.29 | -0.19 | 0.01 | 94 | Technology | |
| Applied Materials, Inc. | -0.29 | -0.19 | -0.01 | 97 | Technology | |
| NVIDIA Corporation | -0.28 | -0.20 | -0.04 | 70 | Technology | |
| Broadcom Inc. | -0.28 | -0.20 | -0.03 | 72 | Technology |
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Build a portfolio that complements T
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