Looking to balance out your exposure to TELNY? The ETFs below have the lowest correlation with TELNY — they tend to move on their own, which can help reduce risk when TELNY drops. The stock ideas table highlights individual companies that behave independently from TELNY.
No Diversifiers Found for TELNY
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 TELNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TELNY and solid risk/return profiles. The least correlated is Assicurazioni Generali SpA ADR (ARZGY) (Financial Services) with a 1Y correlation of 0.21, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Assicurazioni Generali SpA ADR | 0.21 | 0.25 | 0.30 | 90 | Financial Services | |
| Allianz SE ADR | 0.23 | 0.31 | 0.38 | 72 | Financial Services | |
| Swiss Life Holding AG ADR | 0.25 | 0.22 | 0.21 | 59 | Financial Services | |
| Zurich Insurance Group Ltd | 0.35 | 0.35 | 0.37 | 60 | Financial Services | |
| SwissCom AG | 0.38 | 0.35 | 0.37 | 69 | Communication Services |
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