Looking to balance out your exposure to TNDM? The ETFs below have historically moved differently from TNDM, 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 TNDM
3 ETFs have low correlation with TNDM (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.06, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.06 | 0.19 | 0.32 | 51 | Technology Equities | TNDM vs IYW | |
| Vanguard S&P 500 ETF | 0.16 | 0.25 | 0.36 | 68 | S&P 500 | TNDM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.16 | 0.25 | 0.36 | 67 | S&P 500 | TNDM vs SPY |
Diversification Analysis
Build a portfolio that complements TNDM
Add TNDM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TNDM