Looking to balance out your exposure to TH? The ETFs below have the lowest correlation with TH — they tend to move on their own, which can help reduce risk when TH drops. The stock ideas table highlights individual companies that behave independently from TH.
Best Diversifiers for TH
2 ETFs have low correlation with TH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.01 | -0.04 | -0.03 | 100 | Ultrashort Bond | TH vs SGOV | |
| Vanguard Information Technology ETF | 0.23 | 0.18 | 0.16 | 58 | Technology Equities | TH vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TH and solid risk/return profiles. The least correlated is Innoviva, Inc. (INVA) (Healthcare) with a 1Y correlation of -0.08, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innoviva, Inc. | -0.08 | 0.03 | 0.05 | 56 | Healthcare | |
| Cboe Global Markets, Inc. | -0.02 | -0.04 | 0.00 | 55 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.02 | 0.08 | 0.07 | 85 | Consumer Defensive | |
| Green Brick Partners, Inc. | 0.11 | 0.17 | 0.18 | 57 | Consumer Cyclical | |
| Catalyst Pharmaceuticals, Inc. | 0.14 | 0.14 | 0.15 | 79 | Healthcare |
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