Looking to diversify beyond TACK? The ETFs below have historically moved differently from TACK, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TACK
183 ETFs have low correlation with TACK (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, roughly unchanged from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.30 | — | 61 | Cryptocurrency | TACK vs BITI | |
| Alpha Architect Tail Risk ETF | -0.25 | -0.04 | — | 56 | Options Trading | TACK vs CAOS | |
| Invesco DB Energy Fund | -0.20 | -0.07 | — | 72 | Oil & Gas | TACK vs DBE | |
| United States Brent Oil Fund LP | -0.16 | -0.05 | — | 52 | Oil & Gas | TACK vs BNO | |
| Invesco DB Oil Fund | -0.15 | -0.04 | — | 58 | Oil & Gas | TACK vs DBO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TACK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.26, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.26 | 0.44 | 0.40 | 61 | Financial Services | |
| NVIDIA Corporation | 0.27 | 0.38 | 0.35 | 56 | Technology | |
| Alphabet Inc. Class A | 0.31 | 0.40 | 0.36 | 95 | Communication Services | |
| AST SpaceMobile, Inc. | 0.32 | 0.31 | 0.26 | 52 | Technology | |
| Amazon.com, Inc | 0.33 | 0.43 | 0.40 | 60 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TACK
Add TACK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TACK