Looking to balance out your exposure to TV? The ETFs below have the lowest correlation with TV — they tend to move on their own, which can help reduce risk when TV drops. The stock ideas table highlights individual companies that behave independently from TV.
Best Diversifiers for TV
1 ETFs have low correlation with TV (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.20, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.20 | 0.30 | 0.40 | 70 | S&P 500 | TV vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TV and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.05, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.05 | 0.16 | 0.25 | 78 | Technology |
Build a portfolio that complements TV
Add TV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TV