Looking to balance out your exposure to TBB? The ETFs below have the lowest correlation with TBB — they tend to move on their own, which can help reduce risk when TBB drops. The stock ideas table highlights individual companies that behave independently from TBB.
Best Diversifiers for TBB
0 ETFs have low correlation with TBB (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 0.38, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.38 | 0.29 | 0.32 | 70 | S&P 500 | TBB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TBB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TBB and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (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 |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.04 | 0.10 | 0.12 | 59 | Communication Services | |
| Bristol-Myers Squibb Company | 0.05 | 0.06 | 0.07 | 63 | Healthcare | |
| British American Tobacco p.l.c. | 0.05 | 0.18 | 0.17 | 77 | Consumer Defensive | |
| Target Corporation | 0.09 | 0.18 | 0.23 | 71 | Consumer Defensive | |
| Companhia Paranaense de Energia | 0.09 | — | — | 77 | Utilities |
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