Looking to balance out your exposure to TARS? The ETFs below have the lowest correlation with TARS — they tend to move on their own, which can help reduce risk when TARS drops. The stock ideas table highlights individual companies that behave independently from TARS.
No Diversifiers Found for TARS
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TARS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TARS and solid risk/return profiles. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of 0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | 0.02 | 0.13 | 0.23 | 66 | Technology | |
| Walmart Inc. | 0.03 | 0.07 | 0.10 | 63 | Consumer Defensive | |
| Credo Technology Group Holding Ltd | 0.05 | 0.18 | 0.21 | 85 | Technology | |
| Willis Lease Finance Corporation | 0.08 | 0.17 | 0.15 | 57 | Industrials | |
| Tesla, Inc. | 0.09 | 0.16 | 0.23 | 55 | Consumer Cyclical |
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