Looking to balance out your exposure to TPC? The ETFs below have historically moved differently from TPC, 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 TPC
0 ETFs have low correlation with TPC (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 0.49, roughly unchanged from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.49 | 0.51 | 0.50 | 67 | S&P 500 | TPC vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TPC, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.06 | 0.07 | 0.09 | 83 | Healthcare | |
| Tenet Healthcare Corporation | 0.10 | 0.27 | 0.31 | 80 | Healthcare | |
| CrowdStrike Holdings, Inc. | 0.10 | 0.27 | 0.23 | 80 | Technology | |
| Maze Therapeutics, Inc | 0.13 | 0.13 | 0.13 | 76 | Healthcare | |
| Graham Holdings Company | 0.13 | 0.33 | 0.40 | 72 | Consumer Defensive |
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