Looking to diversify beyond TMED? The ETFs below have the lowest correlation with TMED — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TMED.
Best Diversifiers for TMED
0 ETFs have low correlation with TMED (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Genomics Immunology and Healthcare ETF Genomics Immunology and Healthcare Fund (IDNA) (Health & Biotech Equities) with a 1Y correlation of 0.79, roughly unchanged from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Genomics Immunology and Healthcare ETF Gen... | 0.79 | 0.79 | 0.79 | 55 | Health & Biotech Equities | TMED vs IDNA |
Diversification Analysis
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