Looking to balance out your exposure to TREE? The ETFs below have historically moved differently from TREE, 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 TREE
6 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 -0.17, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.17 | -0.03 | 0.04 | 53 | Oil & Gas | TREE vs DBE | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.12 | 0.28 | 0.39 | 91 | Leveraged Equities, Semiconductors | TREE vs SOXL | |
| iShares Global Infrastructure ETF | 0.12 | 0.26 | 0.34 | 51 | Infrastructure Equities, Industrials Equities | TREE vs IGF | |
| Invesco DB Base Metals Fund | 0.13 | 0.21 | 0.20 | 70 | Metals | TREE vs DBB | |
| Invesco QQQ ETF | 0.28 | 0.35 | 0.47 | 55 | Nasdaq-100 | TREE vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TREE, 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 Enova International, Inc. (ENVA) (Financial Services) with a 1Y correlation of 0.42, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enova International, Inc. | 0.42 | 0.51 | 0.51 | 97 | Financial Services |
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