Looking to balance out your exposure to TK? The ETFs below have the lowest correlation with TK — they tend to move on their own, which can help reduce risk when TK drops. The stock ideas table highlights individual companies that behave independently from TK.
Best Diversifiers for TK
4 ETFs have low correlation with TK (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 -0.00, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.01 | 0.02 | 100 | Ultrashort Bond | TK vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.07 | 0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | TK vs BIL | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.15 | 0.22 | 65 | S&P 500 | TK vs SPY | |
| Vanguard S&P 500 ETF | 0.13 | 0.15 | 0.22 | 66 | S&P 500 | TK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TK and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | -0.01 | 0.06 | 80 | Consumer Defensive | |
| Sysco Corporation | -0.01 | 0.02 | 0.14 | 54 | Consumer Defensive | |
| Duke Energy Corporation | 0.00 | -0.01 | 0.00 | 64 | Utilities | |
| Singapore Telecommunications PK | 0.04 | 0.11 | 0.14 | 59 | Communication Services | |
| The Hanover Insurance Group, Inc. | 0.04 | 0.01 | 0.09 | 82 | Financial Services |
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