Looking to balance out your exposure to TAL? The ETFs below have the lowest correlation with TAL — they tend to move on their own, which can help reduce risk when TAL drops. The stock ideas table highlights individual companies that behave independently from TAL.
Best Diversifiers for TAL
2 ETFs have low correlation with TAL (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long AMD Daily ETF (AMDL) (Leveraged Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.22 | 0.16 | 0.16 | 96 | Leveraged Equities | TAL vs AMDL | |
| Invesco QQQ ETF | 0.29 | 0.23 | 0.25 | 73 | Nasdaq-100 | TAL vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TAL and solid risk/return profiles. The least correlated is Equinox Gold Corp. (EQX) (Basic Materials) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinox Gold Corp. | 0.09 | 0.10 | 0.16 | 69 | Basic Materials | |
| Xeris Biopharma Holdings, Inc. | 0.13 | 0.16 | 0.18 | 55 | Healthcare | |
| Avino Silver & Gold Mines Ltd. | 0.14 | 0.12 | 0.17 | 73 | Basic Materials | |
| Novavax, Inc. | 0.15 | 0.13 | 0.18 | 61 | Healthcare | |
| Zoom Video Communications, Inc. | 0.16 | 0.17 | 0.22 | 64 | Communication Services |
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