Looking to balance out your exposure to TRMD? The ETFs below have the lowest correlation with TRMD — they tend to move on their own, which can help reduce risk when TRMD drops. The stock ideas table highlights individual companies that behave independently from TRMD.
Best Diversifiers for TRMD
13 ETFs have low correlation with TRMD (below 0.3), 0 of which are negatively correlated. The least correlated is AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AAM Low Duration Preferred and Income Securities E... | 0.08 | 0.07 | 0.08 | 57 | Preferred Stock/Convertible Bonds | TRMD vs PFLD | |
| Invesco QQQ ETF | 0.09 | 0.13 | 0.14 | 59 | Nasdaq-100 | TRMD vs QQQ | |
| Vanguard S&P 500 ETF | 0.10 | 0.15 | 0.17 | 59 | S&P 500 | TRMD vs VOO | |
| Nomura Focused Emerging Markets Equity ETF | 0.10 | — | — | 94 | Emerging Markets Diversified | TRMD vs EMEQ | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.15 | 0.17 | 59 | S&P 500 | TRMD vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRMD and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | -0.03 | 0.00 | 66 | Communication Services | |
| Reaves Utility Income Trust | -0.05 | 0.05 | 0.08 | 79 | Financial Services | |
| Altria Group, Inc. | -0.03 | -0.04 | 0.04 | 72 | Consumer Defensive | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.03 | -0.01 | 0.04 | 87 | Financial Services | |
| Lantheus Holdings, Inc. | 0.00 | 0.07 | 0.12 | 61 | Healthcare |
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Build a portfolio that complements TRMD
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