Looking to balance out your exposure to TDY? The ETFs below have the lowest correlation with TDY — they tend to move on their own, which can help reduce risk when TDY drops. The stock ideas table highlights individual companies that behave independently from TDY.
Best Diversifiers for TDY
1 ETFs have low correlation with TDY (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.02 | -0.02 | 100 | Ultrashort Bond | TDY vs SGOV | |
| Vanguard Information Technology ETF | 0.38 | 0.40 | 0.52 | 58 | Technology Equities | TDY vs VGT | |
| VanEck Semiconductor ETF | 0.39 | 0.38 | 0.47 | 94 | Semiconductors, Technology Equities | TDY vs SMH | |
| Invesco QQQ ETF | 0.40 | 0.40 | 0.52 | 59 | Nasdaq-100 | TDY vs QQQ | |
| Invesco S&P 500 Momentum ETF | 0.41 | 0.44 | 0.54 | 70 | Momentum, S&P 500 | TDY vs SPMO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TDY and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of 0.00, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | 0.00 | 0.17 | 0.32 | 72 | Financial Services | |
| Ventas, Inc. | 0.03 | 0.20 | 0.30 | 89 | Real Estate | |
| Walmart Inc. | 0.05 | 0.15 | 0.24 | 70 | Consumer Defensive | |
| Zoom Video Communications, Inc. | 0.07 | 0.24 | 0.30 | 53 | Communication Services | |
| CVS Health Corporation | 0.08 | 0.11 | 0.23 | 85 | Healthcare |
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Build a portfolio that complements TDY
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