Looking to balance out your exposure to TAYD? The ETFs below have the lowest correlation with TAYD — they tend to move on their own, which can help reduce risk when TAYD drops. The stock ideas table highlights individual companies that behave independently from TAYD.
Best Diversifiers for TAYD
1 ETFs have low correlation with TAYD (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 0.19, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.19 | 0.21 | 0.16 | 70 | S&P 500 | TAYD vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TAYD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TAYD and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.09, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.09 | 0.03 | 0.02 | 99 | Technology | |
| Eli Lilly and Company | 0.09 | 0.11 | 0.08 | 72 | Healthcare | |
| Uranium Energy Corp. | 0.12 | 0.17 | 0.12 | 79 | Energy | |
| Eaton Corporation plc | 0.14 | 0.20 | 0.16 | 67 | Industrials | |
| Caterpillar Inc. | 0.15 | 0.18 | 0.15 | 98 | Industrials |
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