Looking to balance out your exposure to TTE? The ETFs below have historically moved differently from TTE, 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 TTE
40 ETFs have low correlation with TTE (below 0.3), 28 of which are negatively correlated. The least correlated is Invesco Ultra Short Duration ETF (GSY) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Ultra Short Duration ETF | -0.15 | -0.01 | -0.02 | 99 | Ultrashort Bond | TTE vs GSY | |
| Vanguard Tax-Exempt Bond ETF | -0.15 | -0.03 | -0.04 | 68 | Municipal Bonds | TTE vs VTEB | |
| iShares 1-3 Year Treasury Bond ETF | -0.12 | -0.06 | -0.07 | 83 | Government Bonds, Short-Term Bond | TTE vs SHY | |
| Direxion Daily GOOGL Bull 2X Shares | -0.11 | 0.01 | — | 94 | Leveraged Equities | TTE vs GGLL | |
| Invesco Variable Rate Investment Grade ETF | -0.10 | 0.04 | 0.03 | 99 | Ultrashort Bond, Investment Grade Bonds | TTE vs VRIG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TTE, 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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -0.12 | 0.01 | 0.07 | 96 | Communication Services | |
| Abercrombie & Fitch Co. | -0.12 | -0.01 | 0.02 | 56 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.11 | 0.05 | 0.11 | 88 | Technology | |
| The Toronto-Dominion Bank | -0.10 | 0.15 | 0.24 | 99 | Financial Services | |
| Embraer S.A | -0.10 | 0.07 | 0.12 | 63 | Industrials |
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