Looking to balance out your exposure to TE? The ETFs below have historically moved differently from TE, 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 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 0.34, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.35 | 0.39 | 68 | S&P 500 | TE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.35 | 0.39 | 67 | S&P 500 | TE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TE, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.15, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.15 | 0.08 | 0.15 | 61 | Financial Services | |
| World Kinect Corporation | -0.13 | 0.13 | 0.17 | 85 | Energy | |
| Walmart Inc. | -0.13 | -0.05 | 0.01 | 62 | Consumer Defensive | |
| Regency Centers Corporation | -0.11 | 0.07 | 0.18 | 76 | Real Estate | |
| FIGS, Inc. | 0.00 | 0.20 | 0.28 | 74 | Consumer Cyclical |
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