Looking to diversify beyond TDAQ? The ETFs below have historically moved differently from TDAQ, 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 TDAQ
355 ETFs have low correlation with TDAQ (below 0.3), 55 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | -0.45 | -0.45 | 58 | Derivative Income | TDAQ vs WNTR | |
| Invesco DB Energy Fund | -0.23 | -0.23 | -0.23 | 54 | Oil & Gas | TDAQ vs DBE | |
| iShares Core High Dividend ETF | -0.22 | -0.22 | -0.22 | 87 | Dividend, Large Cap Value Equities | TDAQ vs HDV | |
| Westwood Salient Enhanced Midstream Income ETF | -0.21 | -0.21 | -0.21 | 61 | Energy Equities | TDAQ vs MDST | |
| Strive U.S. Energy ETF | -0.20 | -0.20 | -0.20 | 53 | Energy Equities | TDAQ vs DRLL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TDAQ, 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 -0.34, roughly unchanged from -0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.34 | -0.34 | -0.34 | 63 | Consumer Defensive | |
| Chubb Limited | -0.31 | -0.31 | -0.31 | 87 | Financial Services | |
| The Coca-Cola Company | -0.29 | -0.29 | -0.29 | 86 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.26 | -0.26 | -0.26 | 61 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.25 | -0.25 | -0.25 | 84 | Energy |
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