Looking to balance out your exposure to TAK? The ETFs below have the lowest correlation with TAK — they tend to move on their own, which can help reduce risk when TAK drops. The stock ideas table highlights individual companies that behave independently from TAK.
Best Diversifiers for TAK
2 ETFs have low correlation with TAK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.21, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.23 | 0.28 | 60 | S&P 500 | TAK vs SPY | |
| Industrial Select Sector SPDR Fund | 0.25 | 0.24 | 0.27 | 50 | Industrials Equities | TAK vs XLI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TAK and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of 0.13, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | 0.13 | 0.11 | 0.16 | 80 | Industrials | |
| ASML Holding N.V. | 0.16 | 0.16 | 0.22 | 93 | Technology | |
| Synchrony Financial | 0.16 | 0.17 | 0.21 | 60 | Financial Services | |
| RTX Corporation | 0.18 | 0.12 | 0.16 | 76 | Industrials | |
| General Dynamics Corporation | 0.19 | 0.18 | 0.19 | 75 | Industrials |
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