Looking to balance out your exposure to TTEK? The ETFs below have historically moved differently from TTEK, 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 TTEK
6 ETFs have low correlation with TTEK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Semiconductors ETF (PSI) (Semiconductors) with a 1Y correlation of 0.01, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | 0.01 | 0.20 | 0.34 | 88 | Semiconductors, Technology Equities | TTEK vs PSI | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.02 | 0.19 | 0.34 | 90 | Leveraged Equities, Semiconductors | TTEK vs SOXL | |
| Convergence Long/Short Equity ETF | 0.02 | 0.17 | — | 96 | Long-Short, Actively Managed | TTEK vs CLSE | |
| Defiance Quantum ETF | 0.07 | 0.25 | 0.39 | 72 | Technology Equities | TTEK vs QTUM | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.31 | 0.47 | 71 | S&P 500 | TTEK vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TTEK, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.09, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.09 | 0.06 | 0.20 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.02 | 0.17 | 0.26 | 89 | Technology | |
| Amphenol Corporation | -0.00 | 0.19 | 0.35 | 78 | Technology | |
| The Coca-Cola Company | 0.02 | 0.06 | 0.19 | 86 | Consumer Defensive | |
| Hudbay Minerals Inc. | 0.03 | 0.12 | 0.22 | 93 | Basic Materials |
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