Looking to balance out your exposure to TD? The ETFs below have historically moved differently from TD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TD
64 ETFs have low correlation with TD (below 0.3), 16 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.17, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.17 | 0.02 | 0.16 | 55 | Oil & Gas | TD vs USO | |
| United States Gasoline Fund, LP | -0.14 | 0.02 | 0.15 | 87 | Oil & Gas | TD vs UGA | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.04 | -0.03 | 100 | Ultrashort Bond | TD vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.07 | -0.03 | 100 | Government Bonds, Ultrashort Bond | TD vs BIL | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.11 | 0.20 | 0.37 | 58 | Energy Equities | TD vs XOP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.07 | 0.18 | 66 | Consumer Defensive | |
| Devon Energy Corporation | -0.13 | 0.17 | 0.32 | 76 | Energy | |
| Chevron Corporation | -0.13 | 0.17 | 0.33 | 80 | Energy | |
| Occidental Petroleum Corporation | -0.11 | 0.15 | 0.28 | 70 | Energy | |
| Suncor Energy Inc. | -0.11 | 0.20 | 0.37 | 94 | Energy |
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