Looking to balance out your exposure to TMDX? The ETFs below have the lowest correlation with TMDX — they tend to move on their own, which can help reduce risk when TMDX drops. The stock ideas table highlights individual companies that behave independently from TMDX.
Best Diversifiers for TMDX
2 ETFs have low correlation with TMDX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.01 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | TMDX vs TFLO | |
| ProShares Ultra Semiconductors | 0.21 | 0.30 | 0.38 | 90 | Leveraged Equities, Semiconductors | TMDX vs USD | |
| Vanguard Small-Cap Value ETF | 0.30 | 0.34 | 0.41 | 52 | Small Cap Value Equities | TMDX vs VBR | |
| Vanguard S&P 500 ETF | 0.35 | 0.37 | 0.44 | 70 | S&P 500 | TMDX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.37 | 0.44 | 70 | S&P 500 | TMDX vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TMDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TMDX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | -0.01 | 0.07 | 85 | Energy | |
| Talos Energy Inc. | -0.07 | 0.07 | 0.15 | 83 | Energy | |
| The Coca-Cola Company | -0.03 | -0.01 | 0.07 | 66 | Consumer Defensive | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.03 | 0.09 | 0.11 | 68 | Energy | |
| Verizon Communications Inc. | -0.02 | -0.01 | 0.02 | 59 | Communication Services |
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