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
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.
| 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 | 66 | S&P 500 | TS vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.30 | 0.35 | 67 | 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 Perdoceo Education Corporation (PRDO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Perdoceo Education Corporation | -0.04 | 0.10 | 0.17 | 68 | Consumer Defensive | |
| Opera Limited | -0.03 | 0.19 | 0.18 | 54 | Communication Services | |
| NMI Holdings, Inc. | 0.01 | 0.17 | 0.28 | 57 | Financial Services | |
| Essent Group Ltd. | 0.02 | 0.20 | 0.28 | 67 | Financial Services | |
| Old Republic International Corporation | 0.03 | 0.17 | 0.27 | 70 | Financial Services |
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