Looking to balance out your exposure to TLN? The ETFs below have historically moved differently from TLN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TLN
0 ETFs have low correlation with TLN (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF | 0.47 | — | — | 72 | S&P 500 | TLN vs SPYM | |
| State Street SPDR S&P 500 ETF | 0.47 | — | — | 71 | S&P 500 | TLN vs SPY | |
| Vanguard S&P 500 ETF | 0.48 | — | — | 72 | S&P 500 | TLN vs VOO | |
| Invesco QQQ ETF | 0.48 | — | — | 54 | Nasdaq-100 | TLN vs QQQ | |
| Columbia EM Core ex-China ETF | 0.49 | — | — | 68 | Emerging Markets Equities | TLN vs XCEM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TLN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.27 | 0.01 | 0.01 | 59 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.14 | -0.01 | -0.01 | 66 | Financial Services | |
| McKesson Corporation | -0.13 | -0.07 | -0.07 | 65 | Healthcare | |
| Coca-Cola Consolidated, Inc. | -0.12 | 0.01 | 0.01 | 85 | Consumer Defensive | |
| Covista Inc. | -0.08 | 0.16 | 0.16 | 50 | Consumer Defensive |
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