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 -0.12, 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 | -0.12 | 0.10 | 0.25 | 59 | S&P 500 | TALO vs SPY | |
| Nomura Focused Emerging Markets Equity ETF | -0.10 | 0.03 | 0.03 | 94 | Emerging Markets Diversified | TALO vs EMEQ | |
| Franklin FTSE South Korea ETF | -0.08 | 0.06 | 0.17 | 92 | Asia Pacific Equities | TALO vs FLKR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.51 | 0.50 | 0.50 | 53 | Commodities | TALO vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.53 | 0.50 | 0.51 | 55 | Commodities | TALO vs FTGC |
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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 -0.09, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Evergy, Inc. | -0.09 | 0.04 | 0.07 | 85 | Utilities | |
| American Superconductor Corporation | -0.02 | 0.12 | 0.19 | 55 | Industrials | |
| Ituran Location and Control Ltd. | -0.02 | 0.10 | 0.17 | 91 | Technology | |
| STMicroelectronics N.V. | 0.01 | 0.12 | 0.15 | 90 | Technology | |
| Lumen Technologies, Inc. | 0.02 | 0.12 | 0.16 | 73 | Communication Services |
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Build a portfolio that complements TALO
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