Looking to balance out your exposure to TELA? The ETFs below have the lowest correlation with TELA — they tend to move on their own, which can help reduce risk when TELA drops. The stock ideas table highlights individual companies that behave independently from TELA.
No Diversifiers Found for TELA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TELA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TELA and solid risk/return profiles. The least correlated is Robinhood Markets, Inc. (HOOD) (Financial Services) with a 1Y correlation of 0.10, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Robinhood Markets, Inc. | 0.10 | 0.14 | — | 58 | Financial Services |
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