Looking to balance out your exposure to TNET? The ETFs below have historically moved differently from TNET, 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 TNET
2 ETFs have low correlation with TNET (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.06, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.06 | 0.25 | 0.40 | 68 | S&P 500 | TNET vs VOO | |
| Vanguard Total Stock Market ETF | 0.08 | 0.27 | 0.41 | 67 | Large Cap Blend Equities | TNET vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TNET, 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 Lattice Semiconductor Corporation (LSCC) (Technology) with a 1Y correlation of -0.17, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lattice Semiconductor Corporation | -0.17 | 0.08 | 0.24 | 94 | Technology | |
| Eli Lilly and Company | -0.01 | 0.11 | 0.15 | 83 | Healthcare | |
| Cboe Global Markets, Inc. | 0.02 | 0.00 | 0.13 | 69 | Financial Services | |
| General Motors Company | 0.08 | 0.23 | 0.32 | 92 | Consumer Cyclical | |
| XPO, Inc. | 0.11 | 0.21 | 0.30 | 86 | Industrials |
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