Looking to balance out your exposure to TRIP? The ETFs below have the lowest correlation with TRIP — they tend to move on their own, which can help reduce risk when TRIP drops. The stock ideas table highlights individual companies that behave independently from TRIP.
Best Diversifiers for TRIP
0 ETFs have low correlation with TRIP (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 0.44, 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 | 0.44 | 0.45 | 0.50 | 70 | S&P 500 | TRIP vs SPY |
Diversification Analysis
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