Looking to diversify beyond TNGY? The ETFs below have the lowest correlation with TNGY — 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 TNGY.
Best Diversifiers for TNGY
1026 ETFs have low correlation with TNGY (below 0.3), 152 of which are negatively correlated. The least correlated is Fidelity Municipal Bond Opportunities ETF (FMUB) (Municipal Bonds) with a 1Y correlation of -0.26, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.26 | -0.26 | -0.26 | 80 | Municipal Bonds | TNGY vs FMUB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.25 | -0.25 | -0.25 | 75 | Municipal Bonds | TNGY vs FLMI | |
| Dimensional National Municipal Bond ETF | -0.21 | -0.21 | -0.21 | 79 | Municipal Bonds | TNGY vs DFNM | |
| BNY Mellon Ultra Short Income ETF | -0.21 | -0.21 | -0.21 | 99 | Ultrashort Bond | TNGY vs BKUI | |
| Goldman Sachs Community Municipal Bond ETF | -0.21 | -0.21 | — | 55 | Municipal Bonds | TNGY vs GMUN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TNGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TNGY and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.50, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.50 | 0.50 | 0.50 | 85 | Energy |
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