Looking to balance out your exposure to TEN? The ETFs below have the lowest correlation with TEN — they tend to move on their own, which can help reduce risk when TEN drops. The stock ideas table highlights individual companies that behave independently from TEN.
Best Diversifiers for TEN
12 ETFs have low correlation with TEN (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of 0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.03 | 0.14 | 0.17 | 74 | S&P 500 | TEN vs IVV | |
| State Street SPDR S&P 500 ETF | 0.04 | 0.14 | 0.17 | 74 | S&P 500 | TEN vs SPY | |
| VanEck Semiconductor ETF | 0.05 | 0.17 | 0.13 | 96 | Semiconductors, Technology Equities | TEN vs SMH | |
| iShares MSCI ACWI ETF | 0.07 | 0.18 | 0.21 | 70 | Global Equities | TEN vs ACWI | |
| Vanguard Information Technology ETF | 0.07 | 0.13 | 0.12 | 76 | Technology Equities | TEN vs VGT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TEN and solid risk/return profiles. The least correlated is Prysmian SPA ADR (PRYMY) (Industrials) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prysmian SPA ADR | -0.02 | 0.12 | 0.14 | 97 | Industrials | |
| Ormat Technologies, Inc. | -0.01 | 0.08 | 0.11 | 92 | Utilities | |
| Lam Research Corporation | 0.01 | 0.12 | 0.10 | 98 | Technology | |
| Planet Labs PBC | 0.02 | 0.09 | 0.08 | 99 | Industrials | |
| National HealthCare Corporation | 0.03 | 0.05 | 0.08 | 92 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TEN
Add TEN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TEN