Looking to balance out your exposure to TNC? The ETFs below have the lowest correlation with TNC — they tend to move on their own, which can help reduce risk when TNC drops. The stock ideas table highlights individual companies that behave independently from TNC.
Best Diversifiers for TNC
0 ETFs have low correlation with TNC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.45, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.45 | 0.45 | 0.52 | 70 | S&P 500 | TNC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.45 | 0.52 | 70 | S&P 500 | TNC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TNC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TNC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.06 | 0.18 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.07 | 0.05 | 0.21 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.06 | 0.08 | 0.16 | 92 | Healthcare | |
| Canadian Utilities Limited | -0.04 | 0.07 | 0.15 | 90 | Utilities | |
| AbbVie Inc. | -0.04 | 0.07 | 0.14 | 62 | Healthcare |
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