Looking to balance out your exposure to TALO? The ETFs below have historically moved differently from TALO, 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 TALO
5 ETFs have low correlation with TALO (below 0.3), 4 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 -0.16, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.16 | 0.08 | 0.24 | 78 | S&P 500 | TALO vs SPY | |
| Franklin FTSE South Korea ETF | -0.10 | 0.04 | 0.16 | 88 | South Korea Equities, Asia Pacific Equities | TALO vs FLKR | |
| Nomura Focused Emerging Markets Equity ETF | -0.10 | — | — | 92 | Emerging Markets Equities | TALO vs EMEQ | |
| iShares MSCI Brazil ETF | -0.07 | 0.13 | 0.23 | 64 | Latin America Equities | TALO vs EWZ | |
| Teucrium Soybean Fund | 0.05 | 0.13 | 0.21 | 56 | Agricultural Commodities | TALO vs SOYB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TALO, 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 HCA Healthcare, Inc. (HCA) (Healthcare) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HCA Healthcare, Inc. | -0.17 | 0.03 | 0.13 | 57 | Healthcare | |
| Ituran Location and Control Ltd. | -0.06 | 0.09 | 0.16 | 83 | Technology | |
| Fluor Corporation | -0.06 | 0.13 | 0.29 | 61 | Industrials | |
| Evergy, Inc. | -0.05 | 0.04 | 0.08 | 80 | Utilities | |
| STMicroelectronics N.V. | -0.02 | 0.10 | 0.14 | 87 | Technology |
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