Looking to balance out your exposure to TOI? The ETFs below have the lowest correlation with TOI — they tend to move on their own, which can help reduce risk when TOI drops. The stock ideas table highlights individual companies that behave independently from TOI.
Best Diversifiers for TOI
7 ETFs have low correlation with TOI (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | -0.01 | 0.04 | — | 93 | Inflation-Protected Bonds | TOI vs STIP | |
| Militia Long/Short Equity ETF | 0.08 | — | — | 52 | Long-Short | TOI vs ORR | |
| Global X Copper Miners ETF | 0.11 | 0.10 | — | 75 | Materials | TOI vs COPX | |
| iShares MSCI South Korea ETF | 0.18 | 0.13 | — | 96 | Asia Pacific Equities | TOI vs EWY | |
| iShares Asia 50 ETF | 0.22 | 0.13 | — | 93 | Asia Pacific Equities | TOI vs AIA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOI and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.10, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.10 | 0.01 | — | 81 | Technology | |
| Intel Corporation | 0.10 | 0.09 | — | 98 | Technology | |
| Applied Materials, Inc. | 0.13 | 0.09 | — | 96 | Technology | |
| Teradyne, Inc. | 0.13 | 0.09 | — | 98 | Technology | |
| Micron Technology, Inc. | 0.15 | 0.11 | — | 99 | Technology |
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Build a portfolio that complements TOI
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