Looking to balance out your exposure to TENB? The ETFs below have the lowest correlation with TENB — they tend to move on their own, which can help reduce risk when TENB drops. The stock ideas table highlights individual companies that behave independently from TENB.
Best Diversifiers for TENB
0 ETFs have low correlation with TENB (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.33, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.42 | 0.50 | 60 | S&P 500 | TENB vs SPY | |
| Invesco QQQ ETF | 0.34 | 0.41 | 0.52 | 59 | Nasdaq-100 | TENB vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TENB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TENB and solid risk/return profiles. The least correlated is Kratos Defense & Security Solutions, Inc. (KTOS) (Industrials) with a 1Y correlation of 0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kratos Defense & Security Solutions, Inc. | 0.08 | 0.21 | 0.29 | 51 | Industrials | |
| Cloudflare, Inc. | 0.48 | 0.48 | 0.58 | 55 | Technology | |
| Datadog, Inc. | 0.56 | 0.51 | 0.56 | 74 | Technology | |
| Fortinet, Inc. | 0.57 | 0.50 | 0.57 | 67 | Technology | |
| Palo Alto Networks, Inc. | 0.57 | 0.51 | 0.57 | 69 | Technology |
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