Looking to balance out your exposure to TNL? The ETFs below have historically moved differently from TNL, 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 TNL
0 ETFs have low correlation with TNL (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 0.45, down from 0.57 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 | 0.45 | 0.52 | 0.57 | 72 | S&P 500 | TNL vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TNL, 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 -0.20, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.09 | 0.21 | 85 | Energy | |
| EOG Resources, Inc. | -0.19 | 0.08 | 0.19 | 70 | Energy | |
| Targa Resources Corp. | -0.08 | 0.16 | 0.30 | 91 | Energy | |
| McKesson Corporation | -0.02 | -0.01 | 0.07 | 59 | Healthcare | |
| Philip Morris International Inc. | -0.02 | 0.12 | 0.18 | 63 | Consumer Defensive |
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