Looking to balance out your exposure to TALO? The ETFs below have the lowest correlation with TALO — they tend to move on their own, which can help reduce risk when TALO drops. The stock ideas table highlights individual companies that behave independently from TALO.
Best Diversifiers for TALO
3 ETFs have low correlation with TALO (below 0.3), 3 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 -0.11, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.11 | 0.12 | 0.25 | 70 | S&P 500 | TALO vs SPY | |
| Nomura Focused Emerging Markets Equity ETF | -0.10 | 0.03 | 0.03 | 96 | Emerging Markets Diversified | TALO vs EMEQ | |
| Franklin FTSE South Korea ETF | -0.09 | 0.07 | 0.18 | 96 | Asia Pacific Equities | TALO vs FLKR | |
| Harbor Commodity All-Weather Strategy ETF | 0.41 | 0.46 | — | 78 | Commodities | TALO vs HGER | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.48 | — | — | 87 | Commodities | TALO vs CERY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TALO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TALO and solid risk/return profiles. The least correlated is Evergy, Inc. (EVRG) (Utilities) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Evergy, Inc. | -0.07 | 0.05 | 0.07 | 83 | Utilities | |
| Ituran Location and Control Ltd. | -0.03 | 0.10 | 0.18 | 88 | Technology | |
| American Superconductor Corporation | -0.01 | 0.12 | 0.20 | 61 | Industrials | |
| Verizon Communications Inc. | 0.01 | 0.05 | 0.12 | 59 | Communication Services | |
| Chubb Limited | 0.01 | 0.03 | 0.18 | 51 | Financial Services |
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Build a portfolio that complements TALO
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