Looking to balance out your exposure to TEO? The ETFs below have the lowest correlation with TEO — they tend to move on their own, which can help reduce risk when TEO drops. The stock ideas table highlights individual companies that behave independently from TEO.
Best Diversifiers for TEO
0 ETFs have low correlation with TEO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) (Emerging Markets Bonds) with a 1Y correlation of 0.31, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.31 | 0.28 | 0.26 | 66 | Emerging Markets Bonds | TEO vs EMB | |
| Invesco QQQ ETF | 0.35 | 0.26 | 0.25 | 53 | Nasdaq-100 | TEO vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.28 | 0.29 | 65 | S&P 500 | TEO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEO and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.00, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.00 | 0.04 | 0.09 | 61 | Communication Services | |
| GSK plc | 0.08 | 0.01 | 0.08 | 82 | Healthcare | |
| Intel Corporation | 0.09 | 0.12 | 0.12 | 98 | Technology | |
| Pan American Silver Corp. | 0.18 | 0.17 | 0.20 | 69 | Basic Materials | |
| Rio Tinto Group | 0.22 | 0.18 | 0.21 | 88 | Basic Materials |
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