Looking to balance out your exposure to TEVA? The ETFs below have the lowest correlation with TEVA — they tend to move on their own, which can help reduce risk when TEVA drops. The stock ideas table highlights individual companies that behave independently from TEVA.
Best Diversifiers for TEVA
0 ETFs have low correlation with TEVA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.33, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.33 | 0.30 | 0.35 | 73 | Nasdaq-100 | TEVA vs QQQ | |
| iShares U.S. Pharmaceuticals ETF | 0.33 | 0.35 | 0.41 | 74 | Health & Biotech Equities | TEVA vs IHE | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.34 | 0.41 | 70 | S&P 500 | TEVA vs SPY | |
| iShares Core S&P 500 ETF | 0.37 | 0.34 | 0.41 | 70 | S&P 500 | TEVA vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TEVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEVA and solid risk/return profiles. The least correlated is TotalEnergies SE (TTE) (Energy) with a 1Y correlation of -0.11, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TotalEnergies SE | -0.11 | 0.04 | 0.10 | 90 | Energy | |
| National Grid plc | -0.00 | 0.07 | 0.14 | 63 | Utilities | |
| Walmart Inc. | 0.03 | 0.10 | 0.15 | 63 | Consumer Defensive | |
| TC Energy Corporation | 0.06 | 0.17 | 0.26 | 87 | Energy | |
| The Coca-Cola Company | 0.08 | 0.09 | 0.14 | 66 | Consumer Defensive |
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