Looking to balance out your exposure to TPR? The ETFs below have the lowest correlation with TPR — they tend to move on their own, which can help reduce risk when TPR drops. The stock ideas table highlights individual companies that behave independently from TPR.
Best Diversifiers for TPR
2 ETFs have low correlation with TPR (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.01 | 0.00 | 100 | Ultrashort Bond | TPR vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.42 | 0.51 | 80 | Dividend | TPR vs SCHD | |
| Columbia EM Core ex-China ETF | 0.41 | 0.43 | 0.48 | 90 | Emerging Markets Equities | TPR vs XCEM | |
| Invesco S&P 500 Momentum ETF | 0.48 | 0.42 | 0.48 | 75 | Momentum, S&P 500 | TPR vs SPMO | |
| Vanguard S&P 500 ETF | 0.50 | 0.48 | 0.56 | 70 | S&P 500 | TPR vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TPR and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.18 | 0.06 | 0.17 | 69 | Energy | |
| Chevron Corporation | -0.15 | 0.08 | 0.19 | 83 | Energy | |
| Cboe Global Markets, Inc. | -0.12 | -0.11 | 0.05 | 68 | Financial Services | |
| Altria Group, Inc. | -0.06 | 0.07 | 0.14 | 69 | Consumer Defensive | |
| Halliburton Company | -0.03 | 0.17 | 0.27 | 94 | Energy |
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