Looking to diversify beyond TOAK? The ETFs below have the lowest correlation with TOAK — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TOAK.
Best Diversifiers for TOAK
1138 ETFs have low correlation with TOAK (below 0.3), 140 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | -0.13 | — | — | 84 | Leveraged Currency | TOAK vs FOXY | |
| First Trust New York High Income Municipal ETF | -0.13 | — | — | 78 | Municipal Bonds | TOAK vs FMNY | |
| Bastion Energy ETF | -0.11 | — | — | 85 | Energy Equities | TOAK vs BESF | |
| Xtrackers California Municipal Bond ETF | -0.10 | — | — | 83 | Single State Muni | TOAK vs CA | |
| Invesco BulletShares 2028 Municipal Bond ETF | -0.09 | -0.00 | -0.00 | 90 | Municipal Bonds | TOAK vs BSMS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOAK and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.07 | — | — | 88 | Energy |
Build a portfolio that complements TOAK
Add TOAK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TOAK