Looking to balance out your exposure to TMHC? The ETFs below have historically moved differently from TMHC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TMHC
5 ETFs have low correlation with TMHC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.12, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.12 | 0.30 | 0.43 | 52 | Technology Equities | TMHC vs VGT | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.14 | 0.18 | 0.20 | 92 | Inflation-Protected Bonds | TMHC vs VTIP | |
| iShares Semiconductor ETF | 0.17 | 0.31 | 0.42 | 90 | Semiconductors, Technology Equities | TMHC vs SOXX | |
| Vanguard S&P 500 ETF | 0.28 | 0.45 | 0.54 | 68 | S&P 500 | TMHC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.45 | 0.54 | 67 | S&P 500 | TMHC vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TMHC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of 0.00, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | 0.00 | 0.11 | 0.22 | 88 | Technology | |
| Diamondback Energy, Inc. | 0.01 | 0.14 | 0.19 | 79 | Energy | |
| Marathon Petroleum Corporation | 0.03 | 0.18 | 0.22 | 95 | Energy | |
| Advanced Micro Devices, Inc. | 0.04 | 0.19 | 0.28 | 94 | Technology | |
| ASE Technology Holding Co., Ltd. | 0.10 | 0.23 | 0.32 | 98 | Technology |
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