Looking to balance out your exposure to TCLHF? The ETFs below have the lowest correlation with TCLHF — they tend to move on their own, which can help reduce risk when TCLHF drops. The stock ideas table highlights individual companies that behave independently from TCLHF.
Best Diversifiers for TCLHF
2 ETFs have low correlation with TCLHF (below 0.3), 2 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 -0.05, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.05 | -0.01 | 0.03 | 70 | S&P 500 | TCLHF vs SPY | |
| Vanguard Information Technology ETF | -0.05 | -0.02 | 0.03 | 76 | Technology Equities | TCLHF vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TCLHF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TCLHF and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.06 | -0.03 | 0.01 | 89 | Technology |
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