Looking to balance out your exposure to TS? The ETFs below have historically moved differently from TS, 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 TS
2 ETFs have low correlation with TS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.21, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.30 | 0.35 | 78 | S&P 500 | TS vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.30 | 0.35 | 78 | S&P 500 | TS vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TS, 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 CarGurus, Inc. (CARG) (Communication Services) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CarGurus, Inc. | -0.15 | 0.12 | 0.17 | 56 | Communication Services | |
| Bill.com Holdings, Inc. | -0.12 | 0.11 | 0.17 | 53 | Technology | |
| Perdoceo Education Corporation | -0.08 | 0.08 | 0.15 | 54 | Consumer Defensive | |
| Inter Parfums, Inc. | -0.05 | 0.15 | 0.18 | 51 | Consumer Defensive | |
| Essent Group Ltd. | -0.05 | 0.18 | 0.27 | 69 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TS
Add TS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TS