Looking to balance out your exposure to TYOYY? The ETFs below have the lowest correlation with TYOYY — they tend to move on their own, which can help reduce risk when TYOYY drops. The stock ideas table highlights individual companies that behave independently from TYOYY.
No Diversifiers Found for TYOYY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TYOYY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TYOYY and solid risk/return profiles. The least correlated is Murata Manufacturing Inc (MRAAY) (Technology) with a 1Y correlation of 0.38, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murata Manufacturing Inc | 0.38 | 0.40 | 0.41 | 99 | Technology |
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