Looking to balance out your exposure to TEAM? The ETFs below have the lowest correlation with TEAM — they tend to move on their own, which can help reduce risk when TEAM drops. The stock ideas table highlights individual companies that behave independently from TEAM.
Best Diversifiers for TEAM
5 ETFs have low correlation with TEAM (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.09, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.09 | 0.09 | 0.17 | 70 | Dividend, Large Cap Value Equities | TEAM vs HDV | |
| Invesco QQQ ETF | 0.18 | 0.38 | 0.52 | 59 | Nasdaq-100 | TEAM vs QQQ | |
| Vanguard S&P 500 ETF | 0.21 | 0.37 | 0.49 | 59 | S&P 500 | TEAM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.37 | 0.49 | 59 | S&P 500 | TEAM vs SPY | |
| Vanguard Total Stock Market ETF | 0.22 | 0.39 | 0.51 | 59 | Large Cap Blend Equities | TEAM vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TEAM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEAM and solid risk/return profiles. The least correlated is Lynas Rare Earths Ltd ADR (LYSDY) (Basic Materials) with a 1Y correlation of -0.16, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lynas Rare Earths Ltd ADR | -0.16 | 0.07 | 0.14 | 81 | Basic Materials | |
| Ciena Corporation | -0.13 | 0.20 | 0.31 | 99 | Technology | |
| Argan, Inc. | -0.11 | 0.11 | 0.12 | 96 | Industrials | |
| Equinor ASA | -0.11 | 0.01 | 0.04 | 66 | Energy | |
| Bloom Energy Corporation | -0.11 | 0.15 | 0.31 | 99 | Industrials |
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