Looking to diversify beyond TBT? The ETFs below have historically moved differently from TBT, 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 TBT
1706 ETFs have low correlation with TBT (below 0.3), 1602 of which are negatively correlated. The least correlated is Hartford Strategic Income ETF (HFSI) (Multisector Bonds) with a 1Y correlation of -0.80, roughly unchanged from -0.81 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Strategic Income ETF | -0.80 | -0.81 | — | 59 | Multisector Bonds | TBT vs HFSI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.79 | — | — | 58 | Multisector Bonds | TBT vs AGGA | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.74 | -0.79 | — | 67 | Multisector Bonds | TBT vs PYLD | |
| iShares Core 1-5 Year USD Bond ETF | -0.72 | -0.76 | -0.73 | 79 | Short-Term Bond | TBT vs ISTB | |
| Capital Group U.S. Multi-Sector Income ETF | -0.72 | -0.72 | — | 54 | Multisector Bonds | TBT vs CGMS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TBT, 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 AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of -0.35, roughly unchanged from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | -0.35 | -0.37 | -0.26 | 79 | Real Estate | |
| General Electric Company | -0.17 | -0.06 | 0.01 | 74 | Industrials | |
| Johnson & Johnson | -0.15 | -0.16 | -0.13 | 97 | Healthcare | |
| Howmet Aerospace Inc. | -0.13 | -0.06 | -0.01 | 90 | Industrials | |
| Corning Incorporated | -0.11 | -0.12 | -0.04 | 86 | Technology |
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