Looking to balance out your exposure to TY? The ETFs below have historically moved differently from TY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.11, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | 0.11 | 0.37 | 0.54 | 92 | Dividend, Large Cap Value Equities | TY vs HDV | |
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.55 | 0.69 | 95 | Dividend | TY vs SCHD | |
| iShares S&P SmallCap 600 Value ETF | 0.63 | 0.68 | 0.74 | 88 | Small Cap Value Equities | TY vs IJS | |
| iShares MSCI USA Quality Factor ETF | 0.73 | 0.79 | 0.84 | 72 | Quality Factor, Large Cap Blend Equities | TY vs QUAL | |
| State Street SPDR Portfolio S&P 500 ETF | 0.73 | 0.81 | 0.86 | 68 | S&P 500 | TY vs SPYM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.39, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.39 | 0.42 | 0.50 | 55 | Financial Services | |
| BlackRock Science and Technology Term Trust | 0.57 | 0.63 | 0.69 | 87 | Financial Services | |
| Central Securities Corporation | 0.62 | 0.68 | 0.73 | 80 | Financial Services | |
| General American Investors Company, Inc. | 0.63 | 0.72 | 0.80 | 93 | Financial Services |
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