Looking to balance out your exposure to TD? The ETFs below have the lowest correlation with TD — they tend to move on their own, which can help reduce risk when TD drops. The stock ideas table highlights individual companies that behave independently from TD.
Best Diversifiers for TD
40 ETFs have low correlation with TD (below 0.3), 6 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.18 | 0.03 | 0.16 | 55 | Oil & Gas | TD vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | TD vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.03 | -0.02 | 100 | Ultrashort Bond | TD vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.08 | -0.03 | 100 | Government Bonds, Ultrashort Bond | TD vs BIL | |
| Breakwave Tanker Shipping ETF | -0.10 | -0.01 | — | 98 | Commodities | TD vs BWET |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TD and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.09 | 0.21 | 72 | Consumer Defensive | |
| Chevron Corporation | -0.09 | 0.20 | 0.35 | 70 | Energy | |
| Suncor Energy Inc. | -0.07 | 0.24 | 0.39 | 85 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.18 | 0.33 | 72 | Energy | |
| ConocoPhillips Company | -0.05 | 0.19 | 0.31 | 65 | Energy |
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