Looking to balance out your exposure to TY? The ETFs below have the lowest correlation with TY — they tend to move on their own, which can help reduce risk when TY drops. The stock ideas table highlights individual companies that behave independently from TY.
Best Diversifiers for TY
1 ETFs have low correlation with TY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of 0.19, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | 0.19 | 0.41 | 0.56 | 73 | Dividend, Large Cap Value Equities | TY vs HDV | |
| Schwab U.S. Dividend Equity ETF | 0.39 | 0.58 | 0.70 | 85 | Dividend | TY vs SCHD | |
| iShares S&P SmallCap 600 Value ETF | 0.66 | 0.69 | 0.74 | 71 | Small Cap Value Equities | TY vs IJS | |
| Invesco QQQ ETF | 0.71 | 0.73 | 0.78 | 74 | Nasdaq-100 | TY vs QQQ | |
| iShares MSCI USA Quality Factor ETF | 0.77 | 0.80 | 0.84 | 56 | Large Cap Blend Equities | TY vs QUAL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TY and solid risk/return profiles. The least correlated is Central Securities Corp. (CET) (Financial Services) with a 1Y correlation of 0.64, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Central Securities Corp. | 0.64 | 0.69 | 0.74 | 83 | Financial Services |
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