Looking to balance out your exposure to TMRAF? The ETFs below have the lowest correlation with TMRAF — they tend to move on their own, which can help reduce risk when TMRAF drops. The stock ideas table highlights individual companies that behave independently from TMRAF.
Best Diversifiers for TMRAF
3 ETFs have low correlation with TMRAF (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Barclays High Yield Bond ETF (JNK) (High Yield Bonds) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Barclays High Yield Bond ETF | -0.06 | 0.02 | 0.07 | 60 | High Yield Bonds | TMRAF vs JNK | |
| Vanguard Short-Term Corporate Bond ETF | -0.03 | -0.01 | 0.03 | 73 | Corporate Bonds | TMRAF vs VCSH | |
| Vanguard Energy ETF | 0.04 | 0.04 | 0.05 | 67 | Energy Equities | TMRAF vs VDE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TMRAF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TMRAF and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.04 | 0.07 | 76 | Technology | |
| Rivian Automotive, Inc. | 0.03 | 0.05 | — | 52 | Consumer Cyclical | |
| Advanced Micro Devices, Inc. | 0.04 | 0.02 | 0.06 | 97 | Technology | |
| BASF SE ADR | 0.16 | 0.09 | 0.12 | 70 | Basic Materials |
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