Looking to balance out your exposure to TSAT? The ETFs below have the lowest correlation with TSAT — they tend to move on their own, which can help reduce risk when TSAT drops. The stock ideas table highlights individual companies that behave independently from TSAT.
Best Diversifiers for TSAT
1 ETFs have low correlation with TSAT (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Japan Opportunities ETF (OPPJ) (Japan Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Japan Opportunities ETF | 0.28 | 0.19 | — | 94 | Japan Equities, Asia Pacific Equities | TSAT vs OPPJ | |
| WisdomTree Japan Hedged Equity Fund | 0.31 | 0.21 | — | 94 | Japan Equities, Asia Pacific Equities | TSAT vs DXJ | |
| Invesco S&P 500 Momentum ETF | 0.41 | 0.27 | — | 68 | Momentum, S&P 500 | TSAT vs SPMO | |
| Vanguard Information Technology ETF | 0.45 | 0.30 | — | 61 | Technology Equities | TSAT vs VGT | |
| Vanguard Total International Stock ETF | 0.45 | 0.32 | — | 60 | Global Equities | TSAT vs VXUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSAT and solid risk/return profiles. The least correlated is Northrop Grumman Corporation (NOC) (Industrials) with a 1Y correlation of 0.20, up from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Northrop Grumman Corporation | 0.20 | 0.06 | — | 50 | Industrials | |
| Sirius XM Holdings Inc. | 0.20 | 0.20 | — | 72 | Communication Services | |
| Arista Networks, Inc. | 0.24 | 0.18 | — | 81 | Technology | |
| CrowdStrike Holdings, Inc. | 0.24 | 0.20 | — | 75 | Technology | |
| Lockheed Martin Corporation | 0.24 | 0.08 | — | 60 | Industrials |
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Build a portfolio that complements TSAT
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