Looking to diversify beyond TMH? The ETFs below have the lowest correlation with TMH — 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 TMH.
Best Diversifiers for TMH
438 ETFs have low correlation with TMH (below 0.3), 41 of which are negatively correlated. The least correlated is Breakwave Dry Bulk Shipping ETF (BDRY) (Commodities) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Dry Bulk Shipping ETF | -0.23 | -0.23 | -0.23 | 68 | Commodities | TMH vs BDRY | |
| iShares U.S. Energy ETF | -0.21 | -0.21 | -0.21 | 60 | Energy Equities | TMH vs IYE | |
| ProShares Ultra Oil & Gas | -0.19 | -0.19 | -0.19 | 53 | Leveraged Equities | TMH vs DIG | |
| Innovator Russell 2000 Power Buffer ETF - July | -0.19 | -0.19 | -0.19 | 85 | Defined Outcome | TMH vs KJUL | |
| Fidelity MSCI Energy Index ETF | -0.18 | -0.18 | -0.18 | 60 | Energy Equities | TMH vs FENY |
See all 1105 diversifiers for TMH
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