Looking to diversify beyond TECS? The ETFs below have historically moved differently from TECS, 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 TECS
1720 ETFs have low correlation with TECS (below 0.3), 1590 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -1.00 | -1.00 | -1.00 | 55 | Technology Equities | TECS vs XLK | |
| Vanguard Information Technology ETF | -0.99 | -0.99 | -0.99 | 52 | Technology Equities | TECS vs VGT | |
| Fidelity MSCI Information Technology Index ETF | -0.99 | -0.99 | -0.99 | 52 | Technology Equities | TECS vs FTEC | |
| iShares Expanded Tech Sector ETF | -0.98 | -0.97 | -0.97 | 54 | Technology Equities | TECS vs IGM | |
| iShares U.S. Technology ETF | -0.98 | -0.98 | -0.98 | 51 | Technology Equities | TECS vs IYW |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TECS, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.69, up from -0.80 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.69 | -0.75 | -0.80 | 56 | Technology | |
| Arista Networks, Inc. | -0.61 | -0.64 | -0.67 | 71 | Technology | |
| Applied Digital Corporation | -0.54 | -0.44 | -0.37 | 78 | Technology | |
| Hudbay Minerals Inc. | -0.52 | -0.42 | -0.41 | 91 | Basic Materials | |
| Alphabet Inc. Class A | -0.44 | -0.52 | -0.65 | 95 | Communication Services |
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