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
2 ETFs have low correlation with TMED (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond ETF | 0.16 | — | — | 99 | Ultrashort Bond | TMED vs TBUX | |
| T. Rowe Price Floating Rate ETF | 0.21 | — | — | 80 | Bank Loan | TMED vs TFLR | |
| T. Rowe Price US Equity Research ETF | 0.38 | — | — | 63 | Large Cap Blend Equities | TMED vs TSPA | |
| T. Rowe Price U.S. High Yield ETF | 0.41 | — | — | 62 | High Yield Bonds | TMED vs THYF | |
| Simplify Propel Opportunities ETF | 0.46 | — | — | 65 | Health & Biotech Equities | TMED vs SURI |
See all 26 diversifiers for TMED
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Diversification Analysis
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