Looking to balance out your exposure to TELNF? The ETFs below have historically moved differently from TELNF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TELNF
1 ETFs have low correlation with TELNF (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.07, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.07 | -0.04 | 0.03 | 67 | S&P 500 | TELNF vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TELNF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AST SpaceMobile, Inc. (ASTS) (Technology) with a 1Y correlation of -0.11, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | -0.11 | -0.09 | -0.02 | 52 | Technology | |
| Realty Income Corporation | 0.03 | 0.02 | 0.03 | 77 | Real Estate | |
| Telefônica Brasil S.A. | 0.09 | 0.03 | 0.06 | 65 | Communication Services |
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