Looking to balance out your exposure to TREE? The ETFs below have the lowest correlation with TREE — they tend to move on their own, which can help reduce risk when TREE drops. The stock ideas table highlights individual companies that behave independently from TREE.
Best Diversifiers for TREE
5 ETFs have low correlation with TREE (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.14, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.14 | -0.00 | 0.07 | 71 | Oil & Gas | TREE vs DBE | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.15 | 0.30 | 0.41 | 97 | Leveraged Equities, Semiconductors | TREE vs SOXL | |
| Invesco DB Base Metals Fund | 0.17 | 0.22 | 0.20 | 76 | Metals | TREE vs DBB | |
| SPDR S&P Emerging Markets Small Cap ETF | 0.24 | 0.33 | 0.39 | 60 | Emerging Markets Equities | TREE vs EWX | |
| Vanguard FTSE Emerging Markets ETF | 0.26 | 0.33 | 0.40 | 56 | Emerging Markets Equities | TREE vs VWO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TREE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TREE and solid risk/return profiles. The least correlated is Enova International, Inc. (ENVA) (Financial Services) with a 1Y correlation of 0.44, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enova International, Inc. | 0.44 | 0.52 | 0.51 | 86 | Financial Services | |
| LendingClub Corporation | 0.51 | 0.55 | 0.58 | 73 | Financial Services |
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