Looking to balance out your exposure to TECK? The ETFs below have historically moved differently from TECK, 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 TECK
0 ETFs have low correlation with TECK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.55, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.55 | 0.49 | 0.45 | 67 | S&P 500 | TECK vs SPY | |
| iShares Global Tech ETF | 0.55 | 0.46 | 0.41 | 63 | Technology Equities | TECK vs IXN | |
| United States Copper Index Fund | 0.65 | 0.60 | 0.60 | 70 | Copper, Metals | TECK vs CPER | |
| Global X Copper Miners ETF | 0.81 | 0.82 | 0.81 | 76 | Copper | TECK vs COPX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TECK, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.07, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.16 | 0.33 | 84 | Energy | |
| Targa Resources Corp. | -0.02 | 0.21 | 0.37 | 93 | Energy | |
| Corteva, Inc. | 0.18 | 0.34 | 0.39 | 55 | Basic Materials | |
| Nokia Corporation | 0.24 | 0.29 | 0.33 | 89 | Technology | |
| Lumentum Holdings Inc. | 0.30 | 0.32 | 0.28 | 98 | Technology |
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