Looking to balance out your exposure to TTOO? The ETFs below have the lowest correlation with TTOO — they tend to move on their own, which can help reduce risk when TTOO drops. The stock ideas table highlights individual companies that behave independently from TTOO.
Best Diversifiers for TTOO
2 ETFs have low correlation with TTOO (below 0.3), 2 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of -0.10, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | -0.10 | 0.05 | 0.10 | 85 | Dividend | TTOO vs SCHD | |
| ProShares UltraPro QQQ | -0.10 | -0.00 | 0.11 | 71 | Leveraged Equities | TTOO vs TQQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TTOO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TTOO and solid risk/return profiles. The least correlated is Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of -0.10, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | -0.10 | 0.03 | 0.01 | 64 | Healthcare | |
| Amgen Inc. | -0.09 | 0.03 | 0.03 | 67 | Healthcare |
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