Looking to balance out your exposure to TDOC? The ETFs below have historically moved differently from TDOC, 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 TDOC
6 ETFs have low correlation with TDOC (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Lithium & Battery Metals) with a 1Y correlation of 0.18, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.18 | 0.33 | 0.42 | 77 | Lithium & Battery Metals | TDOC vs LIT | |
| Vanguard International High Dividend Yield ETF | 0.20 | 0.33 | 0.39 | 91 | Dividend, Foreign Large Cap Equities | TDOC vs VYMI | |
| State Street Health Care Select Sector SPDR ETF | 0.21 | 0.30 | 0.36 | 68 | Health & Biotech Equities | TDOC vs XLV | |
| Vanguard Value ETF | 0.25 | 0.42 | 0.45 | 94 | Large Cap Value Equities | TDOC vs VTV | |
| Vanguard High Dividend Yield ETF | 0.28 | 0.43 | 0.44 | 92 | Dividend | TDOC vs VYM |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TDOC, 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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.18 | 0.07 | 0.17 | 82 | Energy | |
| TC Energy Corporation | -0.13 | 0.07 | 0.16 | 93 | Energy | |
| CVS Health Corporation | 0.07 | 0.19 | 0.20 | 93 | Healthcare | |
| BrightSpring Health Services Inc. Tangible Equity ... | 0.10 | — | — | 99 | Healthcare | |
| Apple Inc | 0.24 | 0.26 | 0.38 | 90 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TDOC
Add TDOC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TDOC