Looking to balance out your exposure to TE? The ETFs below have the lowest correlation with TE — they tend to move on their own, which can help reduce risk when TE drops. The stock ideas table highlights individual companies that behave independently from TE.
Best Diversifiers for TE
0 ETFs have low correlation with TE (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 0.31, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.34 | 0.39 | 59 | S&P 500 | TE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.34 | — | 59 | S&P 500 | TE vs SPY | |
| Invesco QQQ ETF | 0.35 | 0.33 | — | 59 | Nasdaq-100 | TE vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TE and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | -0.02 | — | 69 | Consumer Defensive | |
| World Kinect Corporation | -0.05 | 0.14 | — | 60 | Energy | |
| Regency Centers Corporation | -0.03 | 0.11 | 0.19 | 67 | Real Estate | |
| AxoGen, Inc. | 0.03 | 0.20 | — | 99 | Healthcare | |
| Olema Pharmaceuticals, Inc. | 0.06 | 0.14 | — | 80 | Healthcare |
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