Looking to balance out your exposure to TMHC? The ETFs below have the lowest correlation with TMHC — they tend to move on their own, which can help reduce risk when TMHC drops. The stock ideas table highlights individual companies that behave independently from TMHC.
Best Diversifiers for TMHC
4 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 0.14, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.14 | 0.32 | 0.44 | 76 | Technology Equities | TMHC vs VGT | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.16 | 0.19 | 0.20 | 93 | Inflation-Protected Bonds | TMHC vs VTIP | |
| iShares Semiconductor ETF | 0.22 | 0.34 | 0.43 | 97 | Semiconductors, Technology Equities | TMHC vs SOXX | |
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.26 | 0.41 | 0.45 | 89 | Alternative Energy Equities | TMHC vs QCLN | |
| Vanguard S&P 500 ETF | 0.32 | 0.47 | 0.55 | 70 | S&P 500 | TMHC vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TMHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TMHC and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.04 | 0.11 | 0.22 | 67 | Technology | |
| Diamondback Energy, Inc. | -0.02 | 0.15 | 0.20 | 82 | Energy | |
| Oracle Corporation | -0.01 | 0.17 | 0.25 | 58 | Technology | |
| Marathon Petroleum Corporation | 0.01 | 0.18 | 0.23 | 86 | Energy | |
| Advanced Micro Devices, Inc. | 0.04 | 0.22 | 0.32 | 98 | Technology |
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Build a portfolio that complements TMHC
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