Looking to balance out your exposure to TTEK? The ETFs below have the lowest correlation with TTEK — they tend to move on their own, which can help reduce risk when TTEK drops. The stock ideas table highlights individual companies that behave independently from TTEK.
Best Diversifiers for TTEK
6 ETFs have low correlation with TTEK (below 0.3), 0 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of 0.08, down from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 0.08 | 0.21 | — | 96 | Long-Short, Actively Managed | TTEK vs CLSE | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.10 | 0.24 | 0.35 | 96 | Leveraged Equities, Semiconductors | TTEK vs SOXL | |
| Invesco Semiconductors ETF | 0.11 | 0.24 | 0.37 | 96 | Semiconductors, Technology Equities | TTEK vs PSI | |
| Defiance Quantum ETF | 0.17 | 0.29 | 0.42 | 87 | Technology Equities | TTEK vs QTUM | |
| Vanguard S&P 500 ETF | 0.19 | 0.33 | 0.48 | 60 | S&P 500 | TTEK vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TTEK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TTEK and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.04 | 0.04 | 0.18 | 74 | Consumer Defensive | |
| Micron Technology, Inc. | -0.02 | 0.10 | 0.23 | 99 | Technology | |
| Monster Beverage Corporation | -0.01 | 0.07 | 0.23 | 86 | Consumer Defensive | |
| The Chefs' Warehouse, Inc. | 0.03 | 0.15 | 0.27 | 78 | Consumer Defensive | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.05 | 0.20 | 0.28 | 93 | Technology |
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Build a portfolio that complements TTEK
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