Looking to balance out your exposure to TCOM? The ETFs below have the lowest correlation with TCOM — they tend to move on their own, which can help reduce risk when TCOM drops. The stock ideas table highlights individual companies that behave independently from TCOM.
Best Diversifiers for TCOM
3 ETFs have low correlation with TCOM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.23 | 0.24 | 0.29 | 54 | Technology Equities | TCOM vs XLK | |
| Invesco QQQ ETF | 0.24 | 0.26 | 0.31 | 53 | Nasdaq-100 | TCOM vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.29 | 0.31 | 65 | S&P 500 | TCOM vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TCOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TCOM and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.03 | 0.04 | 0.12 | 67 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.03 | 0.02 | 0.05 | 85 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.01 | 0.04 | 0.10 | 62 | Financial Services | |
| SSR Mining Inc. | 0.02 | 0.14 | 0.13 | 85 | Basic Materials | |
| L3Harris Technologies, Inc. | 0.04 | 0.04 | 0.04 | 54 | Industrials |
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