Looking to balance out your exposure to TM? The ETFs below have historically moved differently from TM, 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 TM
109 ETFs have low correlation with TM (below 0.3), 12 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.18, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | -0.01 | 0.08 | 70 | Commodities | TM vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.16 | 0.00 | 0.09 | 68 | Commodities | TM vs DBC | |
| KFA Mount Lucas Index Strategy ETF | -0.12 | -0.02 | -0.09 | 51 | Systematic Trend | TM vs KMLM | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.04 | 0.14 | 0.23 | 60 | Energy Equities | TM vs XOP | |
| WisdomTree Floating Rate Treasury Fund | -0.04 | 0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | TM vs USFR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TM, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.12, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.12 | 0.06 | 0.15 | 68 | Energy | |
| Energy Transfer LP | -0.11 | 0.13 | 0.20 | 82 | Energy | |
| ConocoPhillips Company | -0.10 | 0.05 | 0.13 | 73 | Energy | |
| BP p.l.c. | -0.10 | 0.13 | 0.19 | 83 | Energy | |
| Devon Energy Corporation | -0.07 | 0.10 | 0.18 | 78 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TM
Add TM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TM