Looking to diversify beyond TNGY? The ETFs below have historically moved differently from TNGY, 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 TNGY
1191 ETFs have low correlation with TNGY (below 0.3), 411 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.33 | — | — | 76 | Municipal Bonds | TNGY vs FMUB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.30 | — | — | 82 | Municipal Bonds | TNGY vs FLMI | |
| Dimensional National Municipal Bond ETF | -0.28 | — | — | 77 | Municipal Bonds | TNGY vs DFNM | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.27 | — | — | 64 | Municipal Bonds | TNGY vs BSMY | |
| Capital Group Short Duration Income ETF | -0.27 | — | — | 92 | Short-Term Bond | TNGY vs CGSD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TNGY, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.58, roughly unchanged from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.58 | 0.53 | 0.53 | 84 | Energy |
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