Looking to balance out your exposure to TSSI? The ETFs below have historically moved differently from TSSI, 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 TSSI
2 ETFs have low correlation with TSSI (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Ultra Short Bond ETF (PULS) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Bond ETF | 0.09 | 0.04 | 0.02 | 99 | Ultrashort Bond | TSSI vs PULS | |
| Franklin International Low Volatility High Dividen... | 0.22 | 0.12 | 0.10 | 96 | Dividend, Low Volatility | TSSI vs LVHI | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.29 | 0.18 | 71 | S&P 500 | TSSI vs SPY | |
| Vanguard Total Stock Market ETF | 0.50 | 0.30 | 0.18 | 71 | Large Cap Blend Equities | TSSI vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSSI, 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 Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.10, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.10 | -0.01 | -0.00 | 85 | Consumer Defensive | |
| Welltower Inc. | -0.07 | 0.01 | 0.01 | 87 | Real Estate | |
| Cencora Inc. | -0.04 | -0.05 | -0.01 | 50 | Healthcare | |
| Graham Holdings Company | -0.03 | 0.07 | 0.05 | 72 | Consumer Defensive | |
| IDT Corporation | 0.03 | 0.06 | 0.04 | 52 | Communication Services |
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