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 Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.43, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.43 | 0.53 | 0.55 | 86 | Materials | TECK vs REMX | |
| iShares Global Tech ETF | 0.48 | 0.44 | 0.40 | 88 | Technology Equities | TECK vs IXN | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.48 | 0.45 | 74 | S&P 500 | TECK vs SPY | |
| Global X Copper Miners ETF | 0.79 | 0.81 | 0.81 | 77 | Materials | 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 -0.06, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.06 | 0.18 | 0.35 | 86 | Energy | |
| Corteva, Inc. | 0.23 | 0.36 | 0.41 | 51 | Basic Materials | |
| Rio Tinto Group | 0.67 | 0.64 | 0.67 | 94 | Basic Materials | |
| BHP Group | 0.67 | 0.64 | 0.68 | 92 | Basic Materials | |
| Freeport-McMoRan Inc. | 0.67 | 0.76 | 0.75 | 79 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TECK
Add TECK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TECK