Looking to balance out your exposure to TCMD? The ETFs below have the lowest correlation with TCMD — they tend to move on their own, which can help reduce risk when TCMD drops. The stock ideas table highlights individual companies that behave independently from TCMD.
No Diversifiers Found for TCMD
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 TCMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TCMD and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of 0.03, down from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | 0.03 | 0.19 | — | 85 | Technology | |
| Nextracker Inc | 0.07 | 0.16 | 0.16 | 91 | Technology | |
| DigitalBridge Group, Inc. | 0.12 | 0.27 | 0.29 | 73 | Real Estate | |
| Tidewater Inc. | 0.12 | 0.20 | 0.13 | 80 | Energy | |
| IonQ, Inc. | 0.13 | 0.29 | 0.31 | 64 | Technology |
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