Looking to balance out your exposure to TAC? The ETFs below have the lowest correlation with TAC — they tend to move on their own, which can help reduce risk when TAC drops. The stock ideas table highlights individual companies that behave independently from TAC.
Best Diversifiers for TAC
1 ETFs have low correlation with TAC (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer US Cash Cows 100 ETF (COWZ) (Mid Cap Value Equities) with a 1Y correlation of 0.11, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer US Cash Cows 100 ETF | 0.11 | 0.26 | 0.30 | 65 | Mid Cap Value Equities, Dividend | TAC vs COWZ | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.34 | 0.36 | 70 | S&P 500 | TAC vs SPY | |
| Invesco S&P 500 Momentum ETF | 0.42 | 0.33 | 0.35 | 75 | Momentum, S&P 500 | TAC vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TAC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TAC and solid risk/return profiles. The least correlated is Fortis Inc (FTS) (Utilities) with a 1Y correlation of -0.04, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc | -0.04 | 0.19 | 0.28 | 76 | Utilities | |
| Kenon Holdings Ltd. | 0.14 | 0.16 | 0.19 | 95 | Utilities | |
| Companhia Energética de Minas Gerais | 0.21 | 0.15 | 0.17 | 66 | Utilities | |
| Energy Vault Holdings, Inc. | 0.22 | 0.28 | — | 95 | Utilities | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.24 | 0.17 | 0.20 | 71 | Utilities |
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