Looking to balance out your exposure to TILE? The ETFs below have historically moved differently from TILE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TILE
1 ETFs have low correlation with TILE (below 0.3), 0 of which are negatively correlated. The least correlated is iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of 0.10, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | 0.10 | 0.12 | 0.02 | 85 | Systematic Trend | TILE vs DBMF | |
| Vanguard S&P 500 ETF | 0.46 | 0.51 | 0.56 | 72 | S&P 500 | TILE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.51 | 0.56 | 72 | S&P 500 | TILE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TILE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Kiniksa Pharmaceuticals, Ltd. (KNSA) (Healthcare) with a 1Y correlation of 0.07, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kiniksa Pharmaceuticals, Ltd. | 0.07 | 0.24 | 0.25 | 96 | Healthcare | |
| Central Puerto S.A. | 0.10 | 0.18 | 0.21 | 56 | Utilities | |
| The Hanover Insurance Group, Inc. | 0.14 | 0.19 | 0.28 | 86 | Financial Services | |
| Horace Mann Educators Corporation | 0.16 | 0.23 | 0.30 | 82 | Financial Services | |
| Archrock, Inc. | 0.20 | 0.31 | 0.38 | 88 | Energy |
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