Looking to balance out your exposure to TTE? The ETFs below have the lowest correlation with TTE — they tend to move on their own, which can help reduce risk when TTE drops. The stock ideas table highlights individual companies that behave independently from TTE.
Best Diversifiers for TTE
39 ETFs have low correlation with TTE (below 0.3), 30 of which are negatively correlated. The least correlated is Invesco Ultra Short Duration ETF (GSY) (Ultrashort Bond) with a 1Y correlation of -0.12, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Ultra Short Duration ETF | -0.12 | -0.01 | -0.02 | 99 | Ultrashort Bond | TTE vs GSY | |
| Direxion Daily MU Bull 2X Shares | -0.11 | -0.11 | -0.11 | 99 | Leveraged Equities, Semiconductors | TTE vs MUU | |
| Invesco Variable Rate Investment Grade ETF | -0.11 | 0.05 | 0.03 | 99 | Ultrashort Bond | TTE vs VRIG | |
| Invesco S&P 500 Momentum ETF | -0.09 | 0.05 | 0.15 | 62 | Momentum, S&P 500 | TTE vs SPMO | |
| Invesco QQQ ETF | -0.09 | 0.05 | 0.08 | 58 | Nasdaq-100 | TTE vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TTE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TTE and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of -0.13, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | -0.13 | 0.06 | 0.06 | 63 | Consumer Cyclical | |
| NVIDIA Corporation | -0.13 | 0.01 | 0.10 | 65 | Technology | |
| Indivior PLC Ordinary Shares | -0.10 | 0.00 | -0.01 | 98 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.09 | 0.05 | 0.10 | 92 | Technology | |
| Teva Pharmaceutical Industries Limited | -0.08 | 0.05 | 0.10 | 94 | Healthcare |
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Build a portfolio that complements TTE
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