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
0 ETFs have low correlation with TDY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.37, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.37 | 0.39 | 0.51 | 73 | Nasdaq-100 | TDY vs QQQ | |
| VanEck Semiconductor ETF | 0.37 | 0.37 | 0.46 | 96 | Semiconductors, Technology Equities | TDY vs SMH | |
| Vanguard S&P 500 ETF | 0.45 | 0.50 | 0.61 | 70 | S&P 500 | TDY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.50 | 0.61 | 70 | S&P 500 | TDY vs SPY | |
| Vanguard Total Stock Market ETF | 0.48 | 0.53 | 0.63 | 68 | Large Cap Blend Equities | TDY vs VTI |
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 Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of 0.05, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | 0.05 | 0.22 | 0.30 | 80 | Real Estate | |
| Zoom Video Communications, Inc. | 0.07 | 0.23 | 0.29 | 64 | Communication Services | |
| Walmart Inc. | 0.07 | 0.16 | 0.25 | 63 | Consumer Defensive | |
| CVS Health Corporation | 0.08 | 0.12 | 0.24 | 80 | Healthcare | |
| Eli Lilly and Company | 0.08 | 0.15 | 0.20 | 72 | Healthcare |
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