Looking to balance out your exposure to TOELY? The ETFs below have the lowest correlation with TOELY — they tend to move on their own, which can help reduce risk when TOELY drops. The stock ideas table highlights individual companies that behave independently from TOELY.
Best Diversifiers for TOELY
0 ETFs have low correlation with TOELY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.56, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.56 | 0.56 | 0.55 | 70 | S&P 500 | TOELY vs SPY | |
| Vanguard FTSE Developed Markets ETF | 0.58 | 0.53 | 0.55 | 59 | Foreign Large Cap Equities | TOELY vs VEA | |
| VanEck Semiconductor ETF | 0.60 | 0.63 | 0.66 | 96 | Semiconductors, Technology Equities | TOELY vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOELY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOELY and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.16 | 0.15 | 72 | Healthcare | |
| Installed Building Products, Inc. | 0.18 | 0.29 | 0.31 | 55 | Industrials | |
| Texas Instruments Incorporated | 0.25 | 0.38 | 0.45 | 81 | Technology | |
| AIA Group Ltd ADR | 0.31 | 0.23 | 0.23 | 70 | Financial Services | |
| ChipMOS TECHNOLOGIES INC. | 0.36 | 0.34 | 0.38 | 96 | Technology |
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