Looking to balance out your exposure to TYIDY? The ETFs below have the lowest correlation with TYIDY — they tend to move on their own, which can help reduce risk when TYIDY drops. The stock ideas table highlights individual companies that behave independently from TYIDY.
Best Diversifiers for TYIDY
1 ETFs have low correlation with TYIDY (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 0.17, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.18 | 0.26 | 0.29 | 70 | S&P 500 | TYIDY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TYIDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TYIDY and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.15 | 0.20 | 78 | Technology | |
| Tesla, Inc. | 0.04 | 0.07 | 0.13 | 55 | Consumer Cyclical |
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