Looking to balance out your exposure to TSCO? The ETFs below have the lowest correlation with TSCO — they tend to move on their own, which can help reduce risk when TSCO drops. The stock ideas table highlights individual companies that behave independently from TSCO.
Best Diversifiers for TSCO
12 ETFs have low correlation with TSCO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.08, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.08 | 0.19 | 0.33 | 53 | Nasdaq-100 | TSCO vs QQQ | |
| Direxion Daily AAPL Bull 2X Shares | 0.11 | 0.18 | — | 82 | Leveraged Equities | TSCO vs AAPU | |
| Vanguard S&P 500 ETF | 0.19 | 0.31 | 0.41 | 66 | S&P 500 | TSCO vs VOO | |
| iShares Core S&P 500 ETF | 0.19 | 0.31 | 0.41 | 66 | S&P 500 | TSCO vs IVV | |
| ProShares UltraPro S&P 500 | 0.20 | 0.31 | 0.41 | 51 | Leveraged Equities, S&P 500 | TSCO vs UPRO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSCO and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | 0.03 | 0.19 | 63 | Technology | |
| Cheniere Energy, Inc. | -0.04 | 0.01 | 0.08 | 57 | Energy | |
| Advanced Micro Devices, Inc. | -0.03 | 0.11 | 0.20 | 96 | Technology | |
| Everpure, Inc. | -0.03 | 0.09 | 0.21 | 58 | Technology | |
| Murphy USA Inc. | 0.00 | 0.14 | 0.22 | 76 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TSCO
Add TSCO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TSCO