Looking to balance out your exposure to THM? The ETFs below have the lowest correlation with THM — they tend to move on their own, which can help reduce risk when THM drops. The stock ideas table highlights individual companies that behave independently from THM.
No Diversifiers Found for THM
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from THM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THM and solid risk/return profiles. The least correlated is Madrigal Pharmaceuticals, Inc. (MDGL) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Madrigal Pharmaceuticals, Inc. | 0.11 | 0.10 | 0.08 | 82 | Healthcare | |
| Acadian Asset Management Inc | 0.24 | 0.12 | 0.11 | 93 | Financial Services | |
| Perpetua Resources Corp | 0.46 | 0.33 | 0.28 | 70 | Basic Materials | |
| NovaGold Resources Inc. | 0.54 | 0.40 | 0.39 | 65 | Basic Materials | |
| AngloGold Ashanti Limited | 0.57 | 0.43 | 0.41 | 78 | Basic Materials |
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