Looking to balance out your exposure to TEM? The ETFs below have the lowest correlation with TEM — they tend to move on their own, which can help reduce risk when TEM drops. The stock ideas table highlights individual companies that behave independently from TEM.
Best Diversifiers for TEM
0 ETFs have low correlation with TEM (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard International High Dividend Yield ETF | 0.32 | — | — | 69 | Dividend, Foreign Large Cap Equities | TEM vs VYMI | |
| Fidelity MSCI Information Technology Index ETF | 0.42 | — | — | 59 | Technology Equities | TEM vs FTEC | |
| Invesco QQQ ETF | 0.42 | — | — | 59 | Nasdaq-100 | TEM vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEM and solid risk/return profiles. The least correlated is Black Hills Corporation (BKH) (Utilities) with a 1Y correlation of 0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Hills Corporation | 0.01 | 0.12 | 0.12 | 85 | Utilities | |
| Johnson & Johnson | 0.03 | 0.03 | 0.03 | 96 | Healthcare | |
| MDU Resources Group, Inc. | 0.04 | 0.18 | 0.18 | 83 | Basic Materials | |
| AbbVie Inc. | 0.08 | 0.13 | 0.13 | 74 | Healthcare | |
| Sempra Energy | 0.08 | 0.20 | 0.20 | 77 | Utilities |
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