Looking to balance out your exposure to TEN? The ETFs below have historically moved differently from TEN, 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 TEN
11 ETFs have low correlation with TEN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Health Care Select Sector SPDR ETF (XLV) (Health & Biotech Equities) with a 1Y correlation of 0.04, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Health Care Select Sector SPDR ETF | 0.04 | 0.07 | 0.08 | 60 | Health & Biotech Equities | TEN vs XLV | |
| State Street SPDR S&P 500 ETF | 0.06 | 0.12 | 0.16 | 71 | S&P 500 | TEN vs SPY | |
| VanEck Semiconductor ETF | 0.09 | 0.16 | 0.12 | 87 | Semiconductors, Technology Equities | TEN vs SMH | |
| iShares Core S&P 500 ETF | 0.09 | 0.13 | 0.16 | 72 | S&P 500 | TEN vs IVV | |
| Vanguard Information Technology ETF | 0.10 | 0.12 | 0.11 | 57 | Technology Equities | TEN vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TEN, 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 National HealthCare Corporation (NHC) (Healthcare) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
How candidates are selected| 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 | 0.02 | 0.06 | 0.08 | 92 | Industrials | |
| Lam Research Corporation | 0.04 | 0.12 | 0.09 | 96 | Technology | |
| YPF Sociedad Anónima | 0.05 | 0.17 | 0.23 | 68 | Energy | |
| CNX Resources Corporation | 0.05 | 0.19 | 0.28 | 60 | Energy |
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