Looking to balance out your exposure to TPC? The ETFs below have the lowest correlation with TPC — they tend to move on their own, which can help reduce risk when TPC drops. The stock ideas table highlights individual companies that behave independently from TPC.
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 0.47, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.47 | 0.50 | 0.50 | 70 | S&P 500 | TPC vs SPY | |
| Invesco S&P 500 Momentum ETF | 0.52 | 0.50 | 0.48 | 75 | Momentum, S&P 500 | TPC vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TPC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TPC and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.02, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.02 | 0.08 | 0.10 | 72 | Healthcare | |
| CrowdStrike Holdings, Inc. | 0.11 | 0.26 | 0.23 | 70 | Technology | |
| Maze Therapeutics, Inc | 0.12 | — | — | 72 | Healthcare | |
| Cloudflare, Inc. | 0.15 | 0.27 | 0.24 | 67 | Technology | |
| Oscar Health, Inc. | 0.17 | 0.24 | 0.26 | 59 | Healthcare |
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