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
21 ETFs have low correlation with TRMD (below 0.3), 0 of which are negatively correlated. The least correlated is Teucrium Soybean Fund (SOYB) (Agricultural Commodities) with a 1Y correlation of 0.06, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Teucrium Soybean Fund | 0.06 | 0.07 | 0.09 | 53 | Agricultural Commodities | TRMD vs SOYB | |
| AAM Low Duration Preferred and Income Securities E... | 0.06 | 0.07 | 0.08 | 77 | Preferred Stock/Convertible Bonds | TRMD vs PFLD | |
| Invesco QQQ ETF | 0.10 | 0.12 | 0.13 | 59 | Nasdaq-100 | TRMD vs QQQ | |
| Global X NASDAQ 100 Covered Call ETF | 0.13 | 0.13 | 0.15 | 89 | Nasdaq-100, Derivative Income | TRMD vs QYLD | |
| Harbor Commodity All-Weather Strategy ETF | 0.13 | 0.23 | — | 78 | Commodities | TRMD vs HGER |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | -0.04 | 0.04 | 77 | Consumer Defensive | |
| Waste Management, Inc. | -0.05 | -0.02 | 0.02 | 51 | Industrials | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.04 | -0.02 | — | 84 | Financial Services | |
| Snowflake Inc. | -0.03 | 0.01 | 0.06 | 61 | Technology | |
| Verizon Communications Inc. | -0.02 | -0.04 | 0.00 | 59 | Communication Services |
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Build a portfolio that complements TRMD
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