Looking to balance out your exposure to TAP-A? The ETFs below have the lowest correlation with TAP-A — they tend to move on their own, which can help reduce risk when TAP-A drops. The stock ideas table highlights individual companies that behave independently from TAP-A.
Best Diversifiers for TAP-A
2 ETFs have low correlation with TAP-A (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.02 | 0.05 | 0.07 | 74 | S&P 500 | TAP-A vs VOO | |
| State Street SPDR S&P 500 ETF | 0.03 | 0.05 | 0.07 | 74 | S&P 500 | TAP-A vs SPY |
Diversification Analysis
Build a portfolio that complements TAP-A
Add TAP-A to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TAP-A