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
50 ETFs have low correlation with TD (below 0.3), 8 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.13 | 0.08 | 0.18 | 66 | Oil & Gas | TD vs USO | |
| Breakwave Tanker Shipping ETF | -0.12 | -0.00 | -0.02 | 99 | Commodities | TD vs BWET | |
| United States Gasoline Fund LP | -0.11 | 0.07 | 0.16 | 69 | Oil & Gas | TD vs UGA | |
| ProShares Ultra Bloomberg Crude Oil | -0.10 | 0.10 | 0.19 | 54 | Leveraged Commodities | TD vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.09 | 0.13 | 0.24 | 75 | Commodities | TD vs DBC |
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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 -0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.11 | 0.22 | 69 | Consumer Defensive | |
| Suncor Energy Inc. | -0.07 | 0.26 | 0.40 | 95 | Energy | |
| Chevron Corporation | -0.07 | 0.22 | 0.36 | 83 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.20 | 0.34 | 85 | Energy | |
| BP p.l.c. | -0.03 | 0.24 | 0.37 | 87 | Energy |
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