Looking to balance out your exposure to TELNF? The ETFs below have the lowest correlation with TELNF — they tend to move on their own, which can help reduce risk when TELNF drops. The stock ideas table highlights individual companies that behave independently from TELNF.
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 -0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | -0.03 | 0.03 | 70 | S&P 500 | TELNF vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TELNF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TELNF and solid risk/return profiles. The least correlated is AST SpaceMobile, Inc. (ASTS) (Communication Services) with a 1Y correlation of -0.07, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | -0.07 | -0.08 | -0.01 | 91 | Communication Services | |
| Telefônica Brasil S.A. | 0.04 | 0.04 | 0.05 | 73 | Communication Services | |
| BCE Inc. | 0.06 | 0.05 | 0.06 | 66 | Communication Services |
Build a portfolio that complements TELNF
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