Looking to balance out your exposure to TKO? The ETFs below have the lowest correlation with TKO — they tend to move on their own, which can help reduce risk when TKO drops. The stock ideas table highlights individual companies that behave independently from TKO.
Best Diversifiers for TKO
21 ETFs have low correlation with TKO (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | — | — | 100 | Ultrashort Bond | TKO vs SGOV | |
| YieldMax NVDA Option Income Strategy ETF | 0.13 | — | — | 52 | Derivative Income, Options Trading | TKO vs NVDY | |
| Convergence Long/Short Equity ETF | 0.16 | — | — | 95 | Long-Short | TKO vs CLSE | |
| iShares MSCI Japan Small Cap ETF | 0.18 | 0.16 | 0.16 | 53 | Japan Equities | TKO vs SCJ | |
| Global X Copper Miners ETF | 0.19 | — | — | 75 | Materials | TKO vs COPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TKO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TKO and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.14, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.14 | 0.00 | 0.00 | 85 | Energy | |
| ConocoPhillips Company | -0.11 | 0.02 | 0.02 | 76 | Energy | |
| CF Industries Holdings, Inc. | -0.05 | 0.07 | 0.07 | 60 | Basic Materials | |
| Enterprise Products Partners L.P. | -0.03 | — | — | 85 | Energy | |
| Elbit Systems Ltd | -0.02 | — | — | 88 | Industrials |
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