Looking to balance out your exposure to TKHVY? The ETFs below have the lowest correlation with TKHVY — they tend to move on their own, which can help reduce risk when TKHVY drops. The stock ideas table highlights individual companies that behave independently from TKHVY.
Best Diversifiers for TKHVY
3 ETFs have low correlation with TKHVY (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.01 | 0.04 | 0.06 | 66 | S&P 500 | TKHVY vs VOO | |
| Vanguard S&P 500 Growth ETF | -0.00 | 0.04 | 0.06 | 51 | S&P 500, Large Cap Growth Equities | TKHVY vs VOOG | |
| Invesco QQQ ETF | 0.03 | 0.06 | 0.06 | 62 | Nasdaq-100 | TKHVY vs QQQ |
Diversification Analysis
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