Looking to balance out your exposure to TSEM? The ETFs below have the lowest correlation with TSEM — they tend to move on their own, which can help reduce risk when TSEM drops. The stock ideas table highlights individual companies that behave independently from TSEM.
Best Diversifiers for TSEM
2 ETFs have low correlation with TSEM (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.16, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.10 | -0.07 | 100 | Ultrashort Bond | TSEM vs SGOV | |
| Breakwave Tanker Shipping ETF | 0.06 | 0.06 | 0.05 | 99 | Commodities | TSEM vs BWET | |
| Direxion Daily South Korea Bull 3X Shares | 0.42 | 0.37 | 0.40 | 97 | Leveraged Equities | TSEM vs KORU | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.48 | 0.49 | 70 | S&P 500 | TSEM vs SPY | |
| Vanguard S&P 500 ETF | 0.45 | 0.48 | 0.49 | 70 | S&P 500 | TSEM vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSEM and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.00 | 0.05 | 0.13 | 79 | Consumer Defensive | |
| Oscar Health, Inc. | 0.00 | 0.10 | 0.16 | 59 | Healthcare | |
| Stoke Therapeutics, Inc. | 0.03 | 0.14 | 0.17 | 91 | Healthcare | |
| Indivior PLC Ordinary Shares | 0.04 | 0.13 | 0.11 | 97 | Healthcare | |
| Palvella Therapeutics, Inc | 0.06 | 0.07 | 0.07 | 96 | Healthcare |
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