Looking to balance out your exposure to TKR? The ETFs below have the lowest correlation with TKR — they tend to move on their own, which can help reduce risk when TKR drops. The stock ideas table highlights individual companies that behave independently from TKR.
Best Diversifiers for TKR
0 ETFs have low correlation with TKR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.40 | 0.44 | 0.49 | 60 | Technology Equities | TKR vs VGT | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.55 | 0.59 | 63 | S&P 500 | TKR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TKR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TKR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.20, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.20 | 0.23 | 0.33 | 66 | Technology | |
| EMCOR Group, Inc. | 0.45 | 0.44 | 0.52 | 84 | Industrials | |
| Curtiss-Wright Corporation | 0.47 | 0.40 | 0.45 | 88 | Industrials | |
| FedEx Corporation | 0.52 | 0.50 | 0.52 | 98 | Industrials | |
| BorgWarner Inc. | 0.55 | 0.59 | 0.63 | 94 | Consumer Cyclical |
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