Looking to balance out your exposure to TEF? The ETFs below have the lowest correlation with TEF — they tend to move on their own, which can help reduce risk when TEF drops. The stock ideas table highlights individual companies that behave independently from TEF.
Best Diversifiers for TEF
9 ETFs have low correlation with TEF (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.03 | 0.03 | 0.16 | 73 | Nasdaq-100 | TEF vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.01 | 0.03 | — | 74 | Nasdaq-100, Derivative Income | TEF vs JEPQ | |
| iShares MSCI Global Select Metals & Mining Produce... | 0.05 | 0.18 | 0.25 | 84 | Materials | TEF vs PICK | |
| iShares Core S&P Mid-Cap ETF | 0.06 | 0.16 | 0.29 | 51 | Mid Cap Blend Equities | TEF vs IJH | |
| State Street SPDR S&P 500 ETF | 0.06 | 0.11 | 0.24 | 70 | S&P 500 | TEF vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEF and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.14, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.14 | -0.03 | 0.10 | 95 | Technology | |
| NVIDIA Corporation | -0.14 | -0.04 | 0.07 | 78 | Technology | |
| Argan, Inc. | -0.12 | -0.05 | 0.07 | 93 | Industrials | |
| Advanced Micro Devices, Inc. | -0.11 | -0.01 | 0.09 | 98 | Technology | |
| AppLovin Corporation | -0.01 | 0.04 | 0.10 | 59 | Technology |
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Build a portfolio that complements TEF
Add TEF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TEF