Looking to balance out your exposure to TECK? The ETFs below have the lowest correlation with TECK — they tend to move on their own, which can help reduce risk when TECK drops. The stock ideas table highlights individual companies that behave independently from TECK.
Best Diversifiers for TECK
0 ETFs have low correlation with TECK (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals ETF (REMX) (Rare Earth & Strategic Metals) with a 1Y correlation of 0.44, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals ETF | 0.44 | 0.53 | 0.55 | 58 | Rare Earth & Strategic Metals | TECK vs REMX | |
| iShares Global Tech ETF | 0.51 | 0.45 | 0.41 | 77 | Technology Equities | TECK vs IXN | |
| Invesco QQQ ETF | 0.52 | 0.46 | 0.39 | 64 | Nasdaq-100 | TECK vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.54 | 0.49 | 0.45 | 67 | S&P 500 | TECK vs SPY | |
| Global X Copper Miners ETF | 0.81 | 0.82 | 0.81 | 57 | Copper | TECK vs COPX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TECK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TECK and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.07, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.16 | 0.34 | 71 | Energy | |
| Targa Resources Corp. | -0.01 | 0.22 | 0.39 | 92 | Energy | |
| Corteva, Inc. | 0.22 | 0.35 | 0.40 | 63 | Basic Materials | |
| Nokia Corporation | 0.22 | 0.28 | 0.33 | 94 | Technology | |
| Lumentum Holdings Inc. | 0.24 | 0.31 | 0.28 | 99 | Technology |
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