Looking to balance out your exposure to TNL? The ETFs below have the lowest correlation with TNL — they tend to move on their own, which can help reduce risk when TNL drops. The stock ideas table highlights individual companies that behave independently from TNL.
Best Diversifiers for TNL
0 ETFs have low correlation with TNL (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 0.54, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.54 | 0.54 | 0.58 | 70 | S&P 500 | TNL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TNL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TNL and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.10, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.10 | 0.12 | 0.23 | 69 | Energy | |
| Exxon Mobil Corporation | -0.09 | 0.13 | 0.25 | 85 | Energy | |
| Cardinal Health, Inc. | -0.05 | 0.09 | 0.18 | 68 | Healthcare | |
| The Coca-Cola Company | -0.02 | 0.07 | 0.15 | 66 | Consumer Defensive | |
| Walmart Inc. | 0.01 | 0.13 | 0.14 | 63 | Consumer Defensive |
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