Looking to diversify beyond TDAQ? The ETFs below have the lowest correlation with TDAQ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TDAQ.
Best Diversifiers for TDAQ
301 ETFs have low correlation with TDAQ (below 0.3), 60 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of -0.21, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | -0.21 | -0.21 | -0.21 | 53 | Energy Equities | TDAQ vs EINC | |
| Direxion Daily Energy Bull 2X Shares | -0.20 | -0.20 | -0.20 | 61 | Leveraged Equities | TDAQ vs ERX | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.20 | -0.20 | -0.20 | 58 | Leveraged Equities | TDAQ vs NRGU | |
| State Street Energy Select Sector SPDR ETF | -0.19 | -0.19 | -0.19 | 63 | Energy Equities | TDAQ vs XLE | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.19 | -0.19 | -0.19 | 64 | Commodities | TDAQ vs USOI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TDAQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TDAQ and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.33 | -0.33 | -0.33 | 53 | Utilities | |
| PepsiCo, Inc. | -0.26 | -0.26 | -0.26 | 56 | Consumer Defensive | |
| Altria Group, Inc. | -0.25 | -0.25 | -0.25 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.23 | -0.23 | -0.23 | 85 | Energy | |
| ConocoPhillips Company | -0.22 | -0.22 | -0.22 | 76 | Energy |
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