Looking to balance out your exposure to TMC? The ETFs below have the lowest correlation with TMC — they tend to move on their own, which can help reduce risk when TMC drops. The stock ideas table highlights individual companies that behave independently from TMC.
Best Diversifiers for TMC
3 ETFs have low correlation with TMC (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.10, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.10 | -0.00 | — | 54 | Leveraged Commodities | TMC vs UCO | |
| Vanguard High Dividend Yield ETF | 0.24 | 0.25 | — | 77 | Dividend | TMC vs VYM | |
| Global X Dow 30 Covered Call ETF | 0.29 | 0.21 | — | 51 | Derivative Income | TMC vs DJIA | |
| Vanguard Total International Stock ETF | 0.30 | 0.29 | — | 60 | Global Equities | TMC vs VXUS | |
| VanEck Semiconductor ETF | 0.32 | 0.26 | — | 96 | Semiconductors, Technology Equities | TMC vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TMC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TMC and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.06, down from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.06 | 0.10 | — | 79 | Energy | |
| AxoGen, Inc. | -0.03 | 0.07 | 0.14 | 98 | Healthcare | |
| Watts Water Technologies, Inc. | 0.06 | 0.14 | — | 76 | Industrials | |
| Bristol-Myers Squibb Company | 0.06 | 0.05 | 0.07 | 63 | Healthcare | |
| Protagonist Therapeutics Inc | 0.08 | 0.13 | 0.17 | 87 | Healthcare |
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Build a portfolio that complements TMC
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