Looking to balance out your exposure to TMQ? The ETFs below have the lowest correlation with TMQ — they tend to move on their own, which can help reduce risk when TMQ drops. The stock ideas table highlights individual companies that behave independently from TMQ.
Best Diversifiers for TMQ
2 ETFs have low correlation with TMQ (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) (Commodities) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | 0.09 | 0.09 | 0.16 | 70 | Commodities | TMQ vs BCI | |
| Global X Genomics & Biotechnology ETF | 0.26 | 0.21 | 0.23 | 62 | Health & Biotech Equities | TMQ vs GNOM | |
| Vanguard Total World Stock ETF | 0.37 | 0.26 | 0.29 | 70 | Global Equities | TMQ vs VT | |
| VanEck Rare Earth and Strategic Metals ETF | 0.51 | 0.29 | 0.31 | 86 | Materials | TMQ vs REMX | |
| SPDR S&P Metals & Mining ETF | 0.56 | 0.38 | 0.38 | 78 | Materials | TMQ vs XME |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TMQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TMQ and solid risk/return profiles. The least correlated is Mitsui Engineering & Shipbuilding Co Ltd ADR (MIESY) (Industrials) with a 1Y correlation of -0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mitsui Engineering & Shipbuilding Co Ltd ADR | -0.03 | -0.02 | -0.02 | 87 | Industrials | |
| Capricor Therapeutics, Inc. | 0.13 | 0.06 | 0.11 | 78 | Healthcare | |
| Madrigal Pharmaceuticals, Inc. | 0.14 | 0.12 | 0.13 | 81 | Healthcare | |
| Impala Platinum Holdings Ltd | 0.16 | 0.06 | 0.07 | 75 | Basic Materials | |
| Intel Corporation | 0.18 | 0.17 | 0.21 | 98 | Technology |
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