Looking to balance out your exposure to TRMB? The ETFs below have the lowest correlation with TRMB — they tend to move on their own, which can help reduce risk when TRMB drops. The stock ideas table highlights individual companies that behave independently from TRMB.
Best Diversifiers for TRMB
1 ETFs have low correlation with TRMB (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.27, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.47 | 0.56 | 87 | Dividend | TRMB vs SCHD | |
| Invesco QQQ ETF | 0.52 | 0.54 | 0.66 | 64 | Nasdaq-100 | TRMB vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.58 | 0.62 | 0.71 | 63 | S&P 500 | TRMB vs SPY | |
| Vanguard S&P 500 ETF | 0.58 | 0.62 | 0.71 | 63 | S&P 500 | TRMB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRMB and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.05, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.05 | 0.08 | 0.14 | 57 | Basic Materials | |
| Johnson & Johnson | -0.05 | 0.02 | 0.09 | 97 | Healthcare | |
| Arch Capital Group Ltd. | -0.00 | 0.08 | 0.18 | 50 | Financial Services | |
| Corteva, Inc. | 0.12 | 0.30 | 0.33 | 57 | Basic Materials | |
| Assurant, Inc. | 0.19 | 0.21 | 0.32 | 82 | Financial Services |
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