Looking to balance out your exposure to THO? The ETFs below have the lowest correlation with THO — they tend to move on their own, which can help reduce risk when THO drops. The stock ideas table highlights individual companies that behave independently from THO.
Best Diversifiers for THO
0 ETFs have low correlation with THO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.41, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.42 | 0.47 | 0.51 | 74 | S&P 500 | THO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from THO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THO and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sandisk Corporation | 0.21 | — | — | 100 | Technology | |
| General Motors Company | 0.49 | 0.51 | 0.53 | 90 | Consumer Cyclical | |
| Masco Corporation | 0.61 | 0.61 | 0.57 | 52 | Industrials | |
| Polaris Industries Inc. | 0.65 | 0.68 | 0.68 | 77 | Consumer Cyclical | |
| LCI Industries | 0.77 | 0.80 | 0.78 | 51 | Consumer Cyclical |
Build a portfolio that complements THO
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