Looking to diversify beyond TENJ? The ETFs below have the lowest correlation with TENJ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TENJ.
Best Diversifiers for TENJ
1 ETFs have low correlation with TENJ (below 0.3), 0 of which are negatively correlated. The least correlated is iShares AAA CLO Active ETF (CLOA) (CLO) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares AAA CLO Active ETF | 0.27 | 0.27 | 0.27 | 99 | CLO | TENJ vs CLOA |
Diversification Analysis
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