Looking to balance out your exposure to TSN? The ETFs below have the lowest correlation with TSN — they tend to move on their own, which can help reduce risk when TSN drops. The stock ideas table highlights individual companies that behave independently from TSN.
Best Diversifiers for TSN
5 ETFs have low correlation with TSN (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.17, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.17 | -0.15 | 0.04 | 90 | Leveraged Equities, Semiconductors | TSN vs USD | |
| Invesco QQQ ETF | 0.01 | -0.04 | 0.12 | 73 | Nasdaq-100 | TSN vs QQQ | |
| Vanguard S&P 500 ETF | 0.11 | 0.09 | 0.25 | 70 | S&P 500 | TSN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.10 | 0.25 | 70 | S&P 500 | TSN vs SPY | |
| Vanguard Mega Cap Value ETF | 0.30 | 0.35 | 0.45 | 82 | Large Cap Value Equities | TSN vs MGV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.15 | -0.14 | 0.01 | 78 | Technology | |
| Broadcom Inc. | -0.10 | -0.12 | 0.04 | 84 | Technology | |
| Marvell Technology Group Ltd. | -0.08 | -0.08 | 0.06 | 98 | Technology | |
| Intel Corporation | 0.02 | 0.07 | 0.17 | 98 | Technology | |
| Tesla, Inc. | 0.03 | -0.01 | 0.07 | 55 | Consumer Cyclical |
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