Looking to balance out your exposure to TRP? The ETFs below have historically moved differently from TRP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TRP
27 ETFs have low correlation with TRP (below 0.3), 7 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -0.10 | — | — | 69 | Nasdaq-100, Dividend | TRP vs GPIQ | |
| State Street Technology Select Sector SPDR ETF | -0.09 | 0.10 | 0.20 | 62 | Technology Equities | TRP vs XLK | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.09 | 0.11 | — | 66 | Nasdaq-100, Derivative Income | TRP vs JEPQ | |
| Invesco QQQ ETF | -0.06 | 0.11 | 0.18 | 58 | Nasdaq-100 | TRP vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.21 | 0.32 | 78 | S&P 500 | TRP vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.12, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.12 | 0.00 | 0.11 | 72 | Consumer Cyclical | |
| Alphabet Inc. Class A | -0.12 | 0.04 | 0.14 | 96 | Communication Services | |
| Bio-Rad Laboratories, Inc. | -0.11 | 0.06 | 0.14 | 58 | Healthcare | |
| American Express Company | -0.09 | 0.13 | 0.25 | 63 | Financial Services | |
| Roku, Inc. | -0.07 | 0.08 | 0.13 | 88 | Communication Services |
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Build a portfolio that complements TRP
Add TRP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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