Looking to balance out your exposure to TR? The ETFs below have the lowest correlation with TR — they tend to move on their own, which can help reduce risk when TR drops. The stock ideas table highlights individual companies that behave independently from TR.
Best Diversifiers for TR
3 ETFs have low correlation with TR (below 0.3), 2 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 -0.01, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.01 | 0.09 | 0.19 | 70 | S&P 500 | TR vs SPY | |
| Vanguard S&P 500 ETF | -0.01 | 0.09 | 0.19 | 70 | S&P 500 | TR vs VOO | |
| WisdomTree U.S. Efficient Core Fund | 0.07 | 0.11 | 0.20 | 60 | Diversified Portfolio | TR vs NTSX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TR and solid risk/return profiles. The least correlated is Nucor Corporation (NUE) (Basic Materials) with a 1Y correlation of 0.01, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nucor Corporation | 0.01 | 0.08 | 0.11 | 95 | Basic Materials | |
| Canadian Utilities Limited | 0.06 | 0.13 | 0.15 | 90 | Utilities | |
| AbbVie Inc. | 0.08 | 0.13 | 0.18 | 62 | Healthcare | |
| Parker-Hannifin Corporation | 0.08 | 0.07 | 0.16 | 72 | Industrials | |
| Emerson Electric Co. | 0.08 | 0.11 | 0.17 | 57 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TR
Add TR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TR