Looking to balance out your exposure to TREE? The ETFs below have the lowest correlation with TREE — they tend to move on their own, which can help reduce risk when TREE drops. The stock ideas table highlights individual companies that behave independently from TREE.
Best Diversifiers for TREE
5 ETFs have low correlation with TREE (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.11, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.11 | 0.29 | 0.40 | 96 | Leveraged Equities, Semiconductors | TREE vs SOXL | |
| Invesco DB Base Metals Fund | 0.16 | 0.22 | 0.20 | 52 | Metals | TREE vs DBB | |
| iShares Global Infrastructure ETF | 0.18 | 0.29 | 0.35 | 56 | Industrials Equities | TREE vs IGF | |
| SPDR S&P Emerging Markets Small Cap ETF | 0.23 | 0.33 | 0.39 | 56 | Emerging Markets Equities | TREE vs EWX | |
| Invesco QQQ ETF | 0.27 | 0.36 | 0.47 | 59 | Nasdaq-100 | TREE vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TREE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TREE and solid risk/return profiles. The least correlated is Enova International, Inc. (ENVA) (Financial Services) with a 1Y correlation of 0.42, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enova International, Inc. | 0.42 | 0.52 | 0.51 | 92 | Financial Services |
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