Looking to balance out your exposure to TME? The ETFs below have the lowest correlation with TME — they tend to move on their own, which can help reduce risk when TME drops. The stock ideas table highlights individual companies that behave independently from TME.
Best Diversifiers for TME
1 ETFs have low correlation with TME (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.23 | — | — | 94 | Leveraged Equities | TME vs AMDL | |
| Vanguard S&P 500 ETF | 0.34 | 0.30 | 0.34 | 59 | S&P 500 | TME vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.30 | 0.34 | 59 | S&P 500 | TME vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TME and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.05, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.05 | -0.01 | 0.05 | 67 | Financial Services | |
| Catalyst Pharmaceuticals, Inc. | -0.02 | 0.08 | 0.17 | 79 | Healthcare | |
| Neurocrine Biosciences, Inc. | 0.01 | 0.06 | 0.12 | 67 | Healthcare | |
| Casey's General Stores, Inc. | 0.02 | 0.04 | 0.05 | 91 | Consumer Defensive | |
| CapitaLand Investment Limited | 0.03 | -0.02 | 0.01 | 58 | Real Estate |
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