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 BlackRock Floating Rate Loan ETF (BRLN) (Bank Loan) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Floating Rate Loan ETF | 0.13 | 0.13 | 0.13 | 55 | Bank Loan | TENJ vs BRLN | |
| iShares AAA CLO Active ETF | 0.30 | 0.30 | 0.30 | 99 | CLO | TENJ vs CLOA | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | 0.61 | 0.61 | 0.61 | 92 | Defined Outcome | TENJ vs EAPR | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 0.67 | 0.67 | 0.67 | 96 | Defined Outcome, S&P 500 | TENJ vs CPSM | |
| Innovator Premium Income 15 Buffer ETF - July | 0.71 | 0.71 | 0.71 | 97 | Defined Outcome | TENJ vs LJUL |
See all 12 diversifiers for TENJ
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