Looking to balance out your exposure to TRUP? The ETFs below have the lowest correlation with TRUP — they tend to move on their own, which can help reduce risk when TRUP drops. The stock ideas table highlights individual companies that behave independently from TRUP.
Best Diversifiers for TRUP
1 ETFs have low correlation with TRUP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.20, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.30 | 0.45 | 70 | S&P 500 | TRUP vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRUP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRUP and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.11 | 0.16 | 63 | Consumer Defensive | |
| United Therapeutics Corporation | 0.03 | 0.09 | 0.11 | 86 | Healthcare | |
| Tesla, Inc. | 0.15 | 0.25 | 0.36 | 55 | Consumer Cyclical |
Build a portfolio that complements TRUP
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