Looking to balance out your exposure to TNDM? The ETFs below have the lowest correlation with TNDM — they tend to move on their own, which can help reduce risk when TNDM drops. The stock ideas table highlights individual companies that behave independently from TNDM.
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 0.10, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.10 | 0.22 | 0.35 | 76 | Technology Equities | TNDM vs IYW | |
| Vanguard S&P 500 ETF | 0.20 | 0.28 | 0.37 | 74 | S&P 500 | TNDM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.28 | 0.37 | 74 | S&P 500 | TNDM vs SPY |
Diversification Analysis
Build a portfolio that complements TNDM
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Analyze a portfolio with TNDM