Looking to balance out your exposure to TSAT? The ETFs below have historically moved differently from TSAT, 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 TSAT
2 ETFs have low correlation with TSAT (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.03 | — | 100 | Government Bonds, Ultrashort Bond | TSAT vs BIL | |
| WisdomTree Japan Opportunities ETF | 0.29 | 0.19 | — | 91 | Japan Equities, Asia Pacific Equities | TSAT vs OPPJ | |
| WisdomTree Japan Hedged Equity Fund | 0.32 | 0.21 | — | 92 | Japan Equities, Asia Pacific Equities | TSAT vs DXJ | |
| Invesco S&P 500 Momentum ETF | 0.44 | 0.28 | — | 51 | Momentum, S&P 500 | TSAT vs SPMO | |
| Vanguard FTSE Developed Markets ETF | 0.45 | 0.31 | — | 76 | Foreign Large Cap Equities | TSAT vs VEA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSAT, 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 Sirius XM Holdings Inc. (SIRI) (Communication Services) with a 1Y correlation of 0.15, roughly unchanged from 0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sirius XM Holdings Inc. | 0.15 | 0.18 | — | 83 | Communication Services | |
| RTX Corporation | 0.24 | 0.12 | — | 83 | Industrials | |
| Lockheed Martin Corporation | 0.25 | 0.08 | — | 80 | Industrials | |
| CrowdStrike Holdings, Inc. | 0.25 | 0.20 | — | 83 | Technology | |
| Moog Inc | 0.29 | 0.22 | — | 97 | Industrials |
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