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
259 ETFs have low correlation with TDAQ (below 0.3), 34 of which are negatively correlated. The least correlated is Brookstone Ultra-Short Bond ETF (BAMU) (Ultrashort Bond) with a 1Y correlation of -0.18, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.18 | -0.18 | -0.18 | 98 | Ultrashort Bond | TDAQ vs BAMU | |
| USCF Midstream Energy Income Fund ETF | -0.17 | -0.17 | -0.17 | 62 | Energy Equities | TDAQ vs UMI | |
| Global X MLP & Energy Infrastructure ETF | -0.12 | -0.12 | -0.12 | 55 | MLPs | TDAQ vs MLPX | |
| FT Energy Income Partners Enhanced Income ETF | -0.12 | -0.12 | -0.12 | 76 | Derivative Income | TDAQ vs EIPI | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.12 | -0.12 | -0.12 | 69 | Large Cap Value Equities, Dividend | TDAQ vs FDL |
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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 | 62 | Utilities | |
| Altria Group, Inc. | -0.27 | -0.27 | -0.27 | 72 | Consumer Defensive | |
| The Southern Company | -0.26 | -0.26 | -0.26 | 55 | Utilities | |
| Chubb Limited | -0.25 | -0.25 | -0.25 | 69 | Financial Services | |
| PepsiCo, Inc. | -0.24 | -0.24 | -0.24 | 61 | Consumer Defensive |
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