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
19 ETFs have low correlation with TTE (below 0.3), 16 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.12, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.12 | 0.04 | 0.09 | 73 | Nasdaq-100 | TTE vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | -0.11 | — | — | 68 | Nasdaq-100, Derivative Income | TTE vs QQQI | |
| State Street Technology Select Sector SPDR ETF | -0.11 | 0.04 | 0.10 | 83 | Technology Equities | TTE vs XLK | |
| Invesco Variable Rate Investment Grade ETF | -0.08 | 0.05 | 0.03 | 99 | Ultrashort Bond | TTE vs VRIG | |
| Vanguard S&P 500 ETF | -0.08 | 0.12 | 0.15 | 70 | S&P 500 | TTE vs VOO |
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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 Canadian Imperial Bank of Commerce (CM) (Financial Services) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Imperial Bank of Commerce | -0.12 | 0.09 | 0.19 | 95 | Financial Services | |
| Citigroup Inc. | -0.11 | 0.11 | 0.20 | 91 | Financial Services | |
| Teva Pharmaceutical Industries Limited | -0.11 | 0.04 | 0.10 | 90 | Healthcare | |
| NVIDIA Corporation | -0.10 | 0.01 | 0.09 | 78 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.09 | 0.07 | 0.13 | 95 | Technology |
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Build a portfolio that complements TTE
Add TTE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TTE