Looking to balance out your exposure to TDC? The ETFs below have the lowest correlation with TDC — they tend to move on their own, which can help reduce risk when TDC drops. The stock ideas table highlights individual companies that behave independently from TDC.
Best Diversifiers for TDC
0 ETFs have low correlation with TDC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.44, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.44 | 0.49 | 0.58 | 70 | S&P 500 | TDC vs VOO | |
| State Street SPDR Portfolio S&P 500 ETF | 0.44 | 0.49 | 0.58 | 70 | S&P 500 | TDC vs SPYM | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.49 | 0.58 | 70 | S&P 500 | TDC vs SPY | |
| Vanguard Information Technology ETF | 0.47 | 0.50 | 0.57 | 76 | Technology Equities | TDC vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TDC and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.12, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.12 | -0.01 | 0.06 | 92 | Healthcare | |
| Bristol-Myers Squibb Company | 0.04 | 0.09 | 0.10 | 63 | Healthcare | |
| Amgen Inc. | 0.06 | 0.15 | 0.17 | 62 | Healthcare | |
| Gilead Sciences, Inc. | 0.10 | 0.14 | 0.15 | 63 | Healthcare | |
| United Therapeutics Corporation | 0.12 | 0.14 | 0.14 | 86 | Healthcare |
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