Looking to balance out your exposure to TDS? The ETFs below have the lowest correlation with TDS — they tend to move on their own, which can help reduce risk when TDS drops. The stock ideas table highlights individual companies that behave independently from TDS.
Best Diversifiers for TDS
1 ETFs have low correlation with TDS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.28 | 0.30 | 70 | S&P 500 | TDS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TDS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TDS and solid risk/return profiles. The least correlated is Olema Pharmaceuticals, Inc. (OLMA) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Olema Pharmaceuticals, Inc. | 0.08 | 0.13 | 0.16 | 80 | Healthcare | |
| Altria Group, Inc. | 0.14 | 0.15 | 0.21 | 69 | Consumer Defensive |
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