Looking to balance out your exposure to TOST? The ETFs below have the lowest correlation with TOST — they tend to move on their own, which can help reduce risk when TOST drops. The stock ideas table highlights individual companies that behave independently from TOST.
Best Diversifiers for TOST
1 ETFs have low correlation with TOST (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.25, down from 0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.25 | 0.42 | — | 51 | Nasdaq-100 | TOST vs QQQ | |
| Vanguard S&P 500 ETF | 0.32 | 0.48 | 0.54 | 64 | S&P 500 | TOST vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.49 | — | 63 | S&P 500 | TOST vs SPY | |
| NEOS S&P 500 High Income ETF | 0.33 | 0.48 | — | 69 | Derivative Income, S&P 500 | TOST vs SPYI | |
| Vanguard Small-Cap ETF | 0.40 | 0.53 | 0.60 | 59 | Small Cap Blend Equities | TOST vs VB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOST and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.14 | 0.10 | 0.13 | 68 | Consumer Defensive | |
| Baker Hughes Company | -0.07 | 0.15 | — | 78 | Energy | |
| TechnipFMC plc | -0.07 | 0.15 | 0.17 | 98 | Energy | |
| Millicom International Cellular S.A. | -0.06 | 0.11 | 0.20 | 98 | Communication Services | |
| Corning Incorporated | -0.05 | 0.23 | 0.31 | 95 | Technology |
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