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 0.17, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.17 | 0.23 | 0.26 | 53 | Leveraged Equities | TS vs TQQQ | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.31 | 0.36 | 59 | S&P 500 | TS vs SPY | |
| Vanguard S&P 500 ETF | 0.22 | 0.31 | 0.36 | 59 | S&P 500 | TS vs VOO |
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 0.09, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NIO Inc. | 0.09 | 0.23 | 0.23 | 64 | Consumer Cyclical | |
| AbbVie Inc. | 0.10 | 0.13 | 0.14 | 75 | Healthcare | |
| Zymeworks Inc. | 0.11 | 0.14 | 0.15 | 87 | Healthcare | |
| Enphase Energy, Inc. | 0.11 | 0.20 | 0.20 | 61 | Technology | |
| Apple Inc | 0.12 | 0.14 | 0.17 | 87 | Technology |
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