Looking to balance out your exposure to TRVI? The ETFs below have the lowest correlation with TRVI — they tend to move on their own, which can help reduce risk when TRVI drops. The stock ideas table highlights individual companies that behave independently from TRVI.
Best Diversifiers for TRVI
1 ETFs have low correlation with TRVI (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.18, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.20 | 0.18 | 91 | Dividend | TRVI vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRVI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRVI and solid risk/return profiles. The least correlated is DXP Enterprises, Inc. (DXPE) (Industrials) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DXP Enterprises, Inc. | 0.04 | 0.15 | 0.13 | 80 | Industrials | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.05 | 0.08 | 0.08 | 81 | Utilities | |
| Monolithic Power Systems, Inc. | 0.06 | 0.11 | 0.12 | 85 | Technology | |
| Dillard's, Inc. | 0.06 | 0.14 | 0.13 | 66 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.07 | 0.12 | 0.10 | 98 | Technology |
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