Looking to balance out your exposure to TH? The ETFs below have historically moved differently from TH, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TH
2 ETFs have low correlation with TH (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.04 | -0.04 | 100 | Ultrashort Bond | TH vs SGOV | |
| Vanguard Information Technology ETF | 0.27 | 0.19 | 0.18 | 52 | Technology Equities | TH vs VGT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.11, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.11 | -0.05 | -0.04 | 59 | Consumer Defensive | |
| Innoviva, Inc. | -0.06 | 0.04 | 0.05 | 61 | Healthcare | |
| Coca-Cola Consolidated, Inc. | -0.04 | 0.07 | 0.07 | 87 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.03 | -0.05 | -0.01 | 69 | Financial Services | |
| Vericel Corporation | 0.07 | 0.10 | 0.12 | 65 | Healthcare |
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