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
11 ETFs have low correlation with TEN (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.07, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.07 | 0.16 | 0.12 | 90 | Semiconductors, Technology Equities | TEN vs SMH | |
| State Street Health Care Select Sector SPDR ETF | 0.08 | 0.07 | 0.09 | 50 | Health & Biotech Equities | TEN vs XLV | |
| State Street SPDR S&P 500 ETF | 0.08 | 0.13 | 0.16 | 65 | S&P 500 | TEN vs SPY | |
| iShares Core S&P 500 ETF | 0.10 | 0.13 | 0.16 | 66 | S&P 500 | TEN vs IVV | |
| Vanguard Information Technology ETF | 0.10 | 0.12 | 0.12 | 50 | Technology Equities | TEN vs VGT |
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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 National HealthCare Corporation (NHC) (Healthcare) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National HealthCare Corporation | 0.01 | 0.04 | 0.08 | 98 | Healthcare | |
| Planet Labs PBC | 0.01 | 0.07 | 0.08 | 93 | Industrials | |
| Lam Research Corporation | 0.01 | 0.12 | 0.09 | 97 | Technology | |
| Prysmian SPA ADR | 0.05 | 0.10 | 0.13 | 94 | Industrials | |
| Ormat Technologies, Inc. | 0.05 | 0.08 | 0.12 | 62 | Utilities |
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Build a portfolio that complements TEN
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