Looking to balance out your exposure to TS? The ETFs below have the lowest correlation with TS — they tend to move on their own, which can help reduce risk when TS drops. The stock ideas table highlights individual companies that behave independently from TS.
Best Diversifiers for TS
3 ETFs have low correlation with TS (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.15, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.15 | 0.22 | 0.25 | 71 | Leveraged Equities | TS vs TQQQ | |
| Vanguard S&P 500 ETF | 0.20 | 0.31 | 0.36 | 70 | S&P 500 | TS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.31 | 0.36 | 70 | S&P 500 | TS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TS and solid risk/return profiles. The least correlated is NIO Inc. (NIO) (Consumer Cyclical) with a 1Y correlation of 0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NIO Inc. | 0.07 | 0.22 | 0.23 | 67 | Consumer Cyclical | |
| Enphase Energy, Inc. | 0.08 | 0.20 | 0.19 | 65 | Technology | |
| AbbVie Inc. | 0.09 | 0.12 | 0.14 | 62 | Healthcare | |
| Zymeworks Inc. | 0.10 | 0.14 | 0.15 | 88 | Healthcare | |
| Blue Bird Corporation | 0.11 | 0.19 | 0.24 | 86 | Consumer Cyclical |
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