Looking to balance out your exposure to TKOMY? The ETFs below have the lowest correlation with TKOMY — they tend to move on their own, which can help reduce risk when TKOMY drops. The stock ideas table highlights individual companies that behave independently from TKOMY.
Best Diversifiers for TKOMY
7 ETFs have low correlation with TKOMY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 0.02 | 0.04 | 0.03 | 100 | Government Bonds, Ultrashort Bond | TKOMY vs SHV | |
| iShares Silver Trust | 0.19 | 0.16 | 0.14 | 51 | Silver, Precious Metals | TKOMY vs SLV | |
| STMicroelectronics NV ADRhedged | 0.23 | — | — | 84 | Technology Equities | TKOMY vs STHH | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.26 | 0.24 | 0.25 | 97 | Leveraged Equities, Semiconductors | TKOMY vs SOXL | |
| ProShares UltraPro QQQ | 0.27 | 0.27 | 0.26 | 71 | Leveraged Equities | TKOMY vs TQQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TKOMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TKOMY and solid risk/return profiles. The least correlated is Canadian Solar Inc. (CSIQ) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Solar Inc. | 0.09 | 0.15 | 0.14 | 66 | Technology | |
| Chubb Limited | 0.10 | 0.16 | 0.19 | 57 | Financial Services | |
| NVIDIA Corporation | 0.13 | 0.15 | 0.17 | 80 | Technology | |
| Nebius Group N.V. | 0.13 | 0.18 | 0.18 | 97 | Communication Services | |
| The Coca-Cola Company | 0.15 | 0.07 | 0.11 | 62 | Consumer Defensive |
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