Looking to balance out your exposure to TEL? The ETFs below have the lowest correlation with TEL — they tend to move on their own, which can help reduce risk when TEL drops. The stock ideas table highlights individual companies that behave independently from TEL.
Best Diversifiers for TEL
0 ETFs have low correlation with TEL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.52, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.52 | 0.59 | 0.68 | 58 | Technology Equities | TEL vs VGT | |
| VanEck Semiconductor ETF | 0.56 | 0.59 | 0.68 | 94 | Semiconductors, Technology Equities | TEL vs SMH | |
| Vanguard S&P 500 ETF | 0.60 | 0.67 | 0.74 | 59 | S&P 500 | TEL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.60 | 0.67 | 0.74 | 59 | S&P 500 | TEL vs SPY | |
| Vanguard Total Stock Market ETF | 0.62 | 0.69 | 0.75 | 59 | Large Cap Blend Equities | TEL vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.02 | 0.09 | 72 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.17 | -0.14 | 0.07 | 55 | Financial Services | |
| The Allstate Corporation | -0.09 | 0.07 | 0.20 | 67 | Financial Services | |
| The Travelers Companies, Inc. | -0.04 | 0.13 | 0.24 | 74 | Financial Services | |
| Johnson & Johnson | -0.01 | 0.07 | 0.14 | 96 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TEL
Add TEL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TEL