Looking to diversify beyond TECL? The ETFs below have historically moved differently from TECL, 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 TECL
464 ETFs have low correlation with TECL (below 0.3), 130 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.34 | — | 51 | Cryptocurrency | TECL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 69 | Derivative Income | TECL vs WNTR | |
| iShares U.S. Insurance ETF | -0.25 | 0.01 | 0.23 | 54 | Financials Equities | TECL vs IAK | |
| iShares Core High Dividend ETF | -0.25 | 0.02 | 0.26 | 91 | Dividend, Large Cap Value Equities | TECL vs HDV | |
| Direxion Daily XOM Bull 2X Shares | -0.22 | — | — | 55 | Leveraged Equities | TECL vs XOMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TECL, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.41, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.41 | -0.14 | 0.07 | 87 | Financial Services | |
| Duke Energy Corporation | -0.41 | -0.24 | -0.06 | 52 | Utilities | |
| Altria Group, Inc. | -0.41 | -0.19 | -0.05 | 66 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.39 | -0.10 | 0.10 | 65 | Financial Services | |
| The Coca-Cola Company | -0.37 | -0.16 | 0.06 | 87 | Consumer Defensive |
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