Looking to balance out your exposure to TATT? The ETFs below have historically moved differently from TATT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TATT
0 ETFs have low correlation with TATT (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.42, up from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.42 | 0.26 | 0.21 | 87 | Semiconductors, Technology Equities | TATT vs SMH | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.29 | 0.23 | 67 | S&P 500 | TATT vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TATT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Douglas Dynamics, Inc. (PLOW) (Consumer Cyclical) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Douglas Dynamics, Inc. | 0.26 | 0.15 | 0.13 | 86 | Consumer Cyclical | |
| Broadcom Inc. | 0.29 | 0.21 | 0.17 | 67 | Technology | |
| TTM Technologies, Inc. | 0.31 | 0.21 | 0.18 | 87 | Technology | |
| Nova Ltd | 0.38 | 0.25 | 0.20 | 71 | Technology |
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