Looking to diversify beyond TECS? The ETFs below have the lowest correlation with TECS — 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 TECS.
Best Diversifiers for TECS
1571 ETFs have low correlation with TECS (below 0.3), 1523 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.
| 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 | 77 | Technology Equities | TECS vs XLK | |
| Direxion Daily Technology Bull 3X Shares | -1.00 | -1.00 | -1.00 | 78 | Leveraged Equities, Technology Equities | TECS vs TECL | |
| ProShares Ultra Technology | -1.00 | -1.00 | -0.99 | 76 | Leveraged Equities | TECS vs ROM | |
| Fidelity MSCI Information Technology Index ETF | -0.99 | -0.99 | -0.99 | 70 | Technology Equities | TECS vs FTEC | |
| Vanguard Information Technology ETF | -0.99 | -0.99 | -0.99 | 69 | Technology Equities | TECS vs VGT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TECS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TECS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.69, up from -0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.69 | -0.76 | -0.80 | 76 | Technology | |
| Arista Networks, Inc. | -0.58 | -0.63 | -0.66 | 85 | Technology | |
| Tesla, Inc. | -0.50 | -0.51 | -0.55 | 59 | Consumer Cyclical | |
| Hudbay Minerals Inc. | -0.46 | -0.40 | -0.40 | 93 | Basic Materials | |
| Applied Digital Corporation | -0.45 | -0.39 | -0.34 | 93 | Technology |
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Build a portfolio that complements TECS
Add TECS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TECS