Looking to balance out your exposure to TOL? The ETFs below have the lowest correlation with TOL — they tend to move on their own, which can help reduce risk when TOL drops. The stock ideas table highlights individual companies that behave independently from TOL.
Best Diversifiers for TOL
2 ETFs have low correlation with TOL (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long AAPL Daily ETF (AAPB) (Leveraged Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AAPL Daily ETF | 0.27 | 0.28 | — | 60 | Leveraged Equities | TOL vs AAPB | |
| Invesco QQQ ETF | 0.30 | 0.40 | 0.50 | 59 | Nasdaq-100 | TOL vs QQQ | |
| Vanguard S&P 500 ETF | 0.43 | 0.51 | 0.58 | 59 | S&P 500 | TOL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.51 | 0.58 | 59 | S&P 500 | TOL vs SPY | |
| Invesco Dynamic Building & Construction ETF | 0.66 | 0.76 | 0.80 | 50 | Building & Construction | TOL vs PKB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOL and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.12 | 0.07 | 0.14 | 72 | Energy | |
| Palo Alto Networks, Inc. | -0.05 | 0.12 | 0.22 | 69 | Technology | |
| YPF Sociedad Anónima | -0.05 | 0.15 | 0.20 | 67 | Energy | |
| NVIDIA Corporation | 0.04 | 0.20 | 0.32 | 72 | Technology | |
| AppLovin Corporation | 0.08 | 0.21 | 0.31 | 60 | Communication Services |
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