Looking to balance out your exposure to TFPM? The ETFs below have the lowest correlation with TFPM — they tend to move on their own, which can help reduce risk when TFPM drops. The stock ideas table highlights individual companies that behave independently from TFPM.
Best Diversifiers for TFPM
2 ETFs have low correlation with TFPM (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.07, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.07 | 0.14 | — | 80 | Dividend | TFPM vs SCHD | |
| Blueprint Chesapeake Multi-Asset Trend ETF | 0.28 | — | — | 91 | Global Allocation | TFPM vs TFPN | |
| Global X Copper Miners ETF | 0.52 | 0.49 | — | 75 | Materials | TFPM vs COPX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TFPM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TFPM and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.15, down from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.15 | 0.08 | — | 82 | Energy | |
| Altria Group, Inc. | -0.05 | 0.05 | — | 69 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.05 | 0.01 | — | 68 | Financial Services | |
| Verizon Communications Inc. | -0.01 | 0.09 | 0.09 | 59 | Communication Services | |
| Fastenal Company | 0.03 | 0.07 | — | 55 | Industrials |
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