Looking to balance out your exposure to TUSK? The ETFs below have the lowest correlation with TUSK — they tend to move on their own, which can help reduce risk when TUSK drops. The stock ideas table highlights individual companies that behave independently from TUSK.
Best Diversifiers for TUSK
1 ETFs have low correlation with TUSK (below 0.3), 0 of which are negatively correlated. The least correlated is Sprott Physical Silver Trust (PSLV) (Silver) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sprott Physical Silver Trust | 0.10 | 0.11 | 0.13 | 79 | Silver, Precious Metals | TUSK vs PSLV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TUSK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TUSK and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of 0.00, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | 0.00 | 0.01 | 0.03 | 56 | Consumer Defensive | |
| Verizon Communications Inc. | 0.01 | 0.06 | 0.08 | 59 | Communication Services | |
| PulteGroup, Inc. | 0.13 | 0.21 | 0.19 | 57 | Consumer Cyclical | |
| Academy Sports and Outdoors, Inc. | 0.13 | 0.16 | 0.18 | 56 | Consumer Cyclical | |
| Archer-Daniels-Midland Company | 0.13 | 0.17 | 0.21 | 94 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TUSK
Add TUSK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TUSK