Looking to balance out your exposure to TYL? The ETFs below have the lowest correlation with TYL — they tend to move on their own, which can help reduce risk when TYL drops. The stock ideas table highlights individual companies that behave independently from TYL.
Best Diversifiers for TYL
5 ETFs have low correlation with TYL (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.17, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.17 | 0.16 | 0.39 | 96 | Semiconductors, Technology Equities | TYL vs SMH | |
| Invesco QQQ ETF | 0.06 | 0.31 | 0.53 | 74 | Nasdaq-100 | TYL vs QQQ | |
| Vanguard Information Technology ETF | 0.06 | 0.32 | 0.53 | 76 | Technology Equities | TYL vs VGT | |
| Vanguard S&P 500 ETF | 0.13 | 0.38 | 0.53 | 74 | S&P 500 | TYL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.38 | 0.54 | 74 | S&P 500 | TYL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TYL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TYL and solid risk/return profiles. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.26, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.26 | 0.05 | 0.23 | 99 | Technology | |
| First Solar, Inc. | -0.20 | 0.06 | 0.19 | 81 | Technology | |
| Quanta Services, Inc. | -0.16 | 0.16 | 0.27 | 94 | Industrials | |
| Intel Corporation | -0.13 | 0.10 | 0.25 | 98 | Technology | |
| NVIDIA Corporation | -0.11 | 0.14 | 0.39 | 80 | Technology |
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