Looking to balance out your exposure to TLK? The ETFs below have the lowest correlation with TLK — they tend to move on their own, which can help reduce risk when TLK drops. The stock ideas table highlights individual companies that behave independently from TLK.
Best Diversifiers for TLK
1 ETFs have low correlation with TLK (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.20 | 0.14 | 0.17 | 90 | Leveraged Equities, Semiconductors | TLK vs USD | |
| Vanguard S&P 500 ETF | 0.31 | 0.28 | 0.28 | 70 | S&P 500 | TLK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.28 | 0.28 | 70 | S&P 500 | TLK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TLK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TLK and solid risk/return profiles. The least correlated is Telenor ASA (TELNF) (Communication Services) with a 1Y correlation of 0.04, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telenor ASA | 0.04 | -0.03 | 0.01 | 51 | Communication Services | |
| American Electric Power Company, Inc. | 0.06 | 0.14 | 0.14 | 79 | Utilities | |
| AST SpaceMobile, Inc. | 0.20 | 0.17 | 0.14 | 91 | Communication Services | |
| Liberty Global plc | 0.20 | 0.20 | 0.22 | 64 | Communication Services | |
| Telecom Argentina S.A. | 0.24 | 0.14 | 0.18 | 60 | Communication Services |
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