Looking to balance out your exposure to TBLA? The ETFs below have the lowest correlation with TBLA — they tend to move on their own, which can help reduce risk when TBLA drops. The stock ideas table highlights individual companies that behave independently from TBLA.
Best Diversifiers for TBLA
1 ETFs have low correlation with TBLA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.24, down from 0.39 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.24 | 0.39 | — | 74 | S&P 500 | TBLA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TBLA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TBLA and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.04 | -0.01 | 0.02 | 51 | Industrials | |
| Amgen Inc. | -0.04 | 0.06 | — | 67 | Healthcare | |
| NVIDIA Corporation | 0.02 | 0.20 | 0.29 | 80 | Technology | |
| Albemarle Corporation | 0.05 | 0.21 | — | 92 | Basic Materials | |
| UroGen Pharma Ltd. | 0.07 | 0.14 | 0.20 | 97 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TBLA
Add TBLA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TBLA