Looking to balance out your exposure to TRMD? The ETFs below have historically moved differently from TRMD, 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 TRMD
22 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) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AAM Low Duration Preferred and Income Securities E... | 0.04 | 0.07 | 0.07 | 69 | Preferred Stock | TRMD vs PFLD | |
| Invesco QQQ ETF | 0.13 | 0.13 | 0.14 | 55 | Nasdaq-100 | TRMD vs QQQ | |
| Harbor Commodity All-Weather Strategy ETF | 0.14 | 0.23 | — | 77 | Commodities | TRMD vs HGER | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.15 | 0.17 | 72 | S&P 500 | TRMD vs SPY | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.14 | — | — | 72 | Commodities | TRMD vs CERY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRMD, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.05, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.05 | -0.05 | 0.03 | 64 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.03 | 0.05 | 0.10 | 67 | Financial Services | |
| Palo Alto Networks, Inc. | -0.03 | 0.04 | 0.06 | 91 | Technology | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.03 | -0.03 | 0.03 | 85 | Financial Services | |
| Verizon Communications Inc. | -0.02 | -0.04 | 0.00 | 63 | Communication Services |
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