Looking to balance out your exposure to TILE? The ETFs below have the lowest correlation with TILE — they tend to move on their own, which can help reduce risk when TILE drops. The stock ideas table highlights individual companies that behave independently from TILE.
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 0.14, up from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | 0.14 | 0.12 | 0.03 | 87 | Systematic Trend | TILE vs DBMF | |
| Vanguard S&P 500 ETF | 0.45 | 0.50 | 0.56 | 67 | S&P 500 | TILE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.50 | 0.56 | 66 | S&P 500 | TILE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TILE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TILE and solid risk/return profiles. The least correlated is Kiniksa Pharmaceuticals, Ltd. (KNSA) (Healthcare) with a 1Y correlation of 0.09, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kiniksa Pharmaceuticals, Ltd. | 0.09 | 0.23 | 0.25 | 95 | Healthcare | |
| Central Puerto S.A. | 0.11 | 0.17 | 0.21 | 65 | Utilities | |
| Horace Mann Educators Corporation | 0.16 | 0.23 | 0.31 | 84 | Financial Services | |
| The Hanover Insurance Group, Inc. | 0.20 | 0.24 | 0.33 | 85 | Financial Services | |
| Archrock, Inc. | 0.22 | 0.32 | 0.39 | 91 | Energy |
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