Looking to balance out your exposure to TKC? The ETFs below have the lowest correlation with TKC — they tend to move on their own, which can help reduce risk when TKC drops. The stock ideas table highlights individual companies that behave independently from TKC.
Best Diversifiers for TKC
2 ETFs have low correlation with TKC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.19 | 0.17 | 0.17 | 54 | Technology Equities | TKC vs XLK | |
| Vanguard S&P 500 ETF | 0.22 | 0.20 | 0.20 | 66 | S&P 500 | TKC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TKC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TKC and solid risk/return profiles. The least correlated is W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.09, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.09 | -0.00 | 0.04 | 52 | Financial Services | |
| Berkshire Hathaway Inc. | 0.00 | 0.11 | 0.14 | 53 | Financial Services | |
| Micron Technology, Inc. | 0.17 | 0.11 | 0.14 | 99 | Technology | |
| Telefônica Brasil S.A. | 0.25 | 0.15 | 0.16 | 72 | Communication Services |
Build a portfolio that complements TKC
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