Looking to diversify beyond TECL? The ETFs below have the lowest correlation with TECL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TECL.
Best Diversifiers for TECL
386 ETFs have low correlation with TECL (below 0.3), 88 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | TECL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.33 | -0.36 | 57 | Cryptocurrency | TECL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TECL vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | -0.43 | -0.43 | 70 | Derivative Income | TECL vs WNTR | |
| iShares Core High Dividend ETF | -0.20 | 0.04 | 0.28 | 78 | Dividend, Large Cap Value Equities | TECL vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TECL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TECL and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.40, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.40 | -0.13 | 0.08 | 86 | Financial Services | |
| Duke Energy Corporation | -0.39 | -0.23 | -0.06 | 66 | Utilities | |
| Waste Management, Inc. | -0.39 | -0.08 | 0.13 | 53 | Industrials | |
| Altria Group, Inc. | -0.38 | -0.18 | -0.03 | 81 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.38 | -0.08 | 0.11 | 68 | Financial Services |
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