Looking to balance out your exposure to TOI? The ETFs below have historically moved differently from TOI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TOI
7 ETFs have low correlation with TOI (below 0.3), 0 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 0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | 0.01 | 0.02 | — | 93 | Inflation-Protected Bonds | TOI vs STIP | |
| Militia Long/Short Equity ETF | 0.10 | — | — | 75 | Long-Short | TOI vs ORR | |
| State Street Health Care Select Sector SPDR ETF | 0.10 | 0.06 | — | 72 | Health & Biotech Equities | TOI vs XLV | |
| Global X Copper Miners ETF | 0.10 | 0.10 | 0.11 | 76 | Copper | TOI vs COPX | |
| iShares Asia 50 ETF | 0.22 | 0.11 | 0.11 | 84 | Asia Pacific Equities | TOI vs AIA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TOI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.10, roughly unchanged from 0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.10 | 0.01 | — | 58 | Technology | |
| Magna International Inc. | 0.11 | 0.10 | 0.12 | 91 | Consumer Cyclical | |
| Teradyne, Inc. | 0.11 | 0.09 | 0.11 | 96 | Technology | |
| Intel Corporation | 0.13 | 0.09 | 0.10 | 98 | Technology | |
| Applied Materials, Inc. | 0.14 | 0.10 | 0.10 | 95 | Technology |
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