Looking to diversify beyond TMF? The ETFs below have the lowest correlation with TMF — 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 TMF.
Best Diversifiers for TMF
1134 ETFs have low correlation with TMF (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.41 | -0.42 | 63 | Leveraged Currency | TMF vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.19 | -0.16 | 55 | Oil & Gas | TMF vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.30 | -0.12 | -0.13 | 75 | Commodities | TMF vs FAAR | |
| VanEck Commodity Strategy ETF | -0.29 | -0.12 | — | 57 | Commodities | TMF vs PIT | |
| Fidelity Managed Futures ETF | -0.28 | — | — | 64 | Systematic Trend | TMF vs FFUT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TMF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TMF and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.28, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.28 | -0.11 | -0.15 | 65 | Energy | |
| Chevron Corporation | -0.24 | -0.08 | -0.14 | 70 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.07 | -0.14 | 72 | Energy | |
| BP p.l.c. | -0.20 | -0.09 | -0.15 | 77 | Energy | |
| Energy Transfer LP | -0.18 | -0.03 | -0.08 | 72 | Energy |
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