Looking to balance out your exposure to TRV? The ETFs below have the lowest correlation with TRV — they tend to move on their own, which can help reduce risk when TRV drops. The stock ideas table highlights individual companies that behave independently from TRV.
Best Diversifiers for TRV
16 ETFs have low correlation with TRV (below 0.3), 6 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.16, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.16 | -0.01 | 0.12 | 66 | Technology Equities | TRV vs XLK | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.07 | 0.05 | — | 64 | Nasdaq-100, Derivative Income | TRV vs JEPQ | |
| Invesco S&P 500 Momentum ETF | -0.07 | 0.10 | 0.28 | 70 | Momentum, S&P 500 | TRV vs SPMO | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.02 | -0.03 | 100 | Ultrashort Bond | TRV vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | TRV vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRV and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.22, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.22 | -0.07 | 0.05 | 99 | Technology | |
| Broadcom Inc. | -0.22 | -0.08 | 0.04 | 71 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.21 | -0.10 | -0.01 | 93 | Technology | |
| NVIDIA Corporation | -0.21 | -0.08 | 0.02 | 70 | Technology | |
| Flex Ltd. | -0.19 | -0.01 | 0.14 | 97 | Technology |
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Build a portfolio that complements TRV
Add TRV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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