Looking to diversify beyond TMV? The ETFs below have historically moved differently from TMV, 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 TMV
1704 ETFs have low correlation with TMV (below 0.3), 1605 of which are negatively correlated. The least correlated is Hartford Strategic Income ETF (HFSI) (Multisector Bonds) with a 1Y correlation of -0.81, roughly unchanged from -0.82 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Strategic Income ETF | -0.81 | -0.82 | — | 59 | Multisector Bonds | TMV vs HFSI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.80 | — | — | 58 | Multisector Bonds | TMV vs AGGA | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.74 | -0.80 | — | 67 | Multisector Bonds | TMV vs PYLD | |
| iShares Core 1-5 Year USD Bond ETF | -0.73 | -0.76 | -0.73 | 79 | Short-Term Bond | TMV vs ISTB | |
| Invesco Investment Grade Defensive ETF | -0.73 | -0.75 | -0.73 | 52 | Corporate Bonds, Investment Grade Bonds | TMV vs IIGD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TMV, 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 AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of -0.35, roughly unchanged from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | -0.35 | -0.38 | -0.26 | 79 | Real Estate | |
| Hilton Worldwide Holdings Inc. | -0.24 | -0.11 | -0.02 | 72 | Consumer Cyclical | |
| Johnson & Johnson | -0.15 | -0.17 | -0.13 | 97 | Healthcare | |
| Howmet Aerospace Inc. | -0.14 | -0.08 | -0.01 | 90 | Industrials | |
| General Electric Company | -0.14 | -0.06 | 0.01 | 74 | Industrials |
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