Looking to balance out your exposure to TAP? The ETFs below have the lowest correlation with TAP — they tend to move on their own, which can help reduce risk when TAP drops. The stock ideas table highlights individual companies that behave independently from TAP.
Best Diversifiers for TAP
3 ETFs have low correlation with TAP (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.00, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.00 | 0.16 | 0.25 | 70 | S&P 500 | TAP vs VOO | |
| State Street SPDR S&P 500 ETF | -0.00 | 0.16 | 0.25 | 70 | S&P 500 | TAP vs SPY | |
| iShares 0-3 Month Treasury Bond ETF | 0.07 | 0.06 | -0.00 | 100 | Ultrashort Bond | TAP vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TAP and solid risk/return profiles. The least correlated is Marvell Technology Group Ltd. (MRVL) (Technology) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology Group Ltd. | -0.15 | -0.00 | 0.07 | 98 | Technology | |
| Interactive Brokers Group, Inc. | -0.12 | -0.01 | 0.10 | 83 | Financial Services | |
| Tesla, Inc. | -0.04 | 0.08 | 0.08 | 55 | Consumer Cyclical | |
| Howmet Aerospace Inc. | -0.03 | 0.08 | 0.23 | 79 | Industrials | |
| International Business Machines Corporation | -0.03 | 0.09 | 0.22 | 53 | Technology |
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