Looking to balance out your exposure to TM? The ETFs below have the lowest correlation with TM — they tend to move on their own, which can help reduce risk when TM drops. The stock ideas table highlights individual companies that behave independently from TM.
Best Diversifiers for TM
79 ETFs have low correlation with TM (below 0.3), 11 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 -0.15, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | 0.01 | 0.09 | 60 | Commodities | TM vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | 0.02 | 0.10 | 59 | Commodities | TM vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | 0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | TM vs USFR | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.04 | -0.03 | -0.03 | 100 | Ultrashort Bond | TM vs VBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.02 | -0.01 | 100 | Ultrashort Bond | TM vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TM and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.08 | 0.08 | 0.16 | 64 | Energy | |
| Altria Group, Inc. | -0.08 | -0.02 | 0.08 | 78 | Consumer Defensive | |
| Energy Transfer LP | -0.08 | 0.15 | 0.21 | 83 | Energy | |
| ConocoPhillips Company | -0.07 | 0.06 | 0.14 | 66 | Energy | |
| Verizon Communications Inc. | -0.07 | 0.01 | 0.10 | 57 | Communication Services |
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