Looking to balance out your exposure to TASK? The ETFs below have the lowest correlation with TASK — they tend to move on their own, which can help reduce risk when TASK drops. The stock ideas table highlights individual companies that behave independently from TASK.
Best Diversifiers for TASK
1 ETFs have low correlation with TASK (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 0.27, roughly unchanged from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.27 | 0.30 | — | 70 | S&P 500 | TASK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TASK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TASK and solid risk/return profiles. The least correlated is Telefônica Brasil S.A. (VIV) (Communication Services) with a 1Y correlation of -0.04, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telefônica Brasil S.A. | -0.04 | 0.08 | 0.12 | 73 | Communication Services | |
| Alamos Gold Inc. | -0.02 | 0.12 | 0.12 | 64 | Basic Materials | |
| IAMGOLD Corporation | -0.01 | 0.14 | — | 84 | Basic Materials | |
| Triple Flag Precious Metals Corp | 0.01 | 0.13 | 0.12 | 58 | Basic Materials | |
| Micron Technology, Inc. | 0.02 | 0.13 | 0.25 | 99 | Technology |
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