Looking to balance out your exposure to TCEHY? The ETFs below have the lowest correlation with TCEHY — they tend to move on their own, which can help reduce risk when TCEHY drops. The stock ideas table highlights individual companies that behave independently from TCEHY.
Best Diversifiers for TCEHY
120 ETFs have low correlation with TCEHY (below 0.3), 8 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.07 | 0.00 | -0.02 | 100 | Government Bonds, Ultrashort Bond | TCEHY vs TFLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | 0.03 | 0.04 | 100 | Ultrashort Bond | TCEHY vs SGOV | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.06 | — | — | 100 | Ultrashort Bond | TCEHY vs VBIL | |
| PIMCO Enhanced Short Maturity Active ETF | -0.05 | 0.00 | 0.07 | 100 | Ultrashort Bond | TCEHY vs MINT | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.02 | 0.02 | 89 | Inflation-Protected Bonds | TCEHY vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TCEHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TCEHY and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.16, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.16 | -0.06 | -0.00 | 56 | Industrials | |
| Chubb Limited | -0.13 | -0.02 | 0.02 | 82 | Financial Services | |
| Altria Group, Inc. | -0.13 | 0.01 | 0.02 | 80 | Consumer Defensive | |
| The Southern Company | -0.10 | 0.02 | 0.00 | 56 | Utilities | |
| Duke Energy Corporation | -0.10 | -0.02 | -0.03 | 64 | Utilities |
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