Looking to diversify beyond TMV? The ETFs below have the lowest correlation with TMV — 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 TMV.
Best Diversifiers for TMV
1565 ETFs have low correlation with TMV (below 0.3), 1507 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Astoria Dynamic Core US Fixed Income ETF | -0.81 | — | — | 66 | Multisector Bonds | TMV vs AGGA | |
| FlexShares Credit-Scored US Corporate Bond Index F... | -0.81 | -0.82 | -0.79 | 50 | Corporate Bonds | TMV vs SKOR | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.79 | -0.68 | -0.54 | 50 | Nontraditional Bonds | TMV vs UCON | |
| Hartford Strategic Income ETF | -0.78 | -0.82 | -0.72 | 66 | Multisector Bonds | TMV vs HFSI | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.76 | -0.73 | -0.73 | 56 | Corporate Bonds | TMV vs LQDW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TMV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TMV and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of -0.34, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | -0.34 | -0.37 | -0.24 | 76 | Real Estate | |
| Hilton Worldwide Holdings Inc. | -0.26 | -0.10 | 0.00 | 84 | Consumer Cyclical | |
| Merck & Co., Inc. | -0.15 | -0.13 | -0.07 | 88 | Healthcare | |
| Glaukos Corporation | -0.14 | -0.05 | 0.00 | 62 | Healthcare | |
| Applied Materials, Inc. | -0.05 | -0.04 | -0.02 | 98 | Technology |
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