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
1280 ETFs have low correlation with TMF (below 0.3), 106 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.41 | -0.42 | 61 | Leveraged Currency | TMF vs YCS | |
| Invesco DB Energy Fund | -0.40 | -0.22 | -0.19 | 71 | Oil & Gas | TMF vs DBE | |
| United States Gasoline Fund LP | -0.39 | -0.19 | -0.16 | 69 | Oil & Gas | TMF vs UGA | |
| United States Oil Fund LP | -0.38 | -0.22 | -0.19 | 66 | Oil & Gas | TMF vs USO | |
| Invesco DB Oil Fund | -0.38 | -0.20 | -0.19 | 65 | Oil & Gas | TMF vs DBO |
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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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.22, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.22 | -0.08 | -0.13 | 83 | Energy | |
| ConocoPhillips Company | -0.21 | -0.10 | -0.14 | 76 | Energy | |
| Exxon Mobil Corporation | -0.21 | -0.06 | -0.13 | 85 | Energy | |
| BP p.l.c. | -0.17 | -0.08 | -0.15 | 87 | Energy | |
| Energy Transfer LP | -0.17 | -0.03 | -0.09 | 69 | Energy |
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