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 Vanguard Total Stock Market ETF (VTI) (Large Cap Blend Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | 0.22 | 0.26 | 0.27 | 60 | Large Cap Blend Equities | TUSK vs VTI |
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 Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.05, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.05 | -0.06 | -0.00 | 50 | Consumer Defensive | |
| PepsiCo, Inc. | -0.01 | 0.01 | 0.03 | 59 | Consumer Defensive | |
| Verizon Communications Inc. | -0.01 | 0.05 | 0.08 | 62 | Communication Services | |
| PulteGroup, Inc. | 0.11 | 0.20 | 0.19 | 67 | Consumer Cyclical | |
| Academy Sports and Outdoors, Inc. | 0.12 | 0.15 | 0.18 | 55 | Consumer Cyclical |
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