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
1 ETFs have low correlation with TEL (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.18, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.18 | -0.03 | 0.07 | 54 | Leveraged Commodities | TEL vs UCO | |
| Vanguard Information Technology ETF | 0.54 | 0.60 | 0.69 | 76 | Technology Equities | TEL vs VGT | |
| Vanguard S&P 500 Growth ETF | 0.55 | 0.58 | 0.67 | 58 | S&P 500, Large Cap Growth Equities | TEL vs VOOG | |
| VanEck Semiconductor ETF | 0.59 | 0.59 | 0.68 | 96 | Semiconductors, Technology Equities | TEL vs SMH | |
| State Street SPDR S&P 500 ETF | 0.61 | 0.66 | 0.74 | 70 | S&P 500 | TEL vs SPY |
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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 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.01 | 0.10 | 69 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.18 | -0.14 | 0.07 | 68 | Financial Services | |
| The Travelers Companies, Inc. | -0.04 | 0.13 | 0.24 | 51 | Financial Services | |
| Johnson & Johnson | 0.02 | 0.07 | 0.13 | 92 | Healthcare | |
| Nordic Semiconductor ASA | 0.03 | 0.06 | 0.14 | 89 | Technology |
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Build a portfolio that complements TEL
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