Looking to balance out your exposure to TSEM? The ETFs below have historically moved differently from TSEM, 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 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 -0.15, 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 |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.10 | -0.07 | 100 | Ultrashort Bond | TSEM vs SGOV | |
| Breakwave Tanker Shipping ETF | 0.16 | 0.08 | — | 99 | Commodities | TSEM vs BWET | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.49 | 0.48 | 78 | S&P 500 | TSEM vs SPY | |
| Vanguard S&P 500 ETF | 0.48 | 0.49 | 0.48 | 78 | S&P 500 | TSEM vs VOO | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.50 | 0.41 | 0.41 | 84 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | TSEM vs KORU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSEM, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.23, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.23 | 0.02 | 0.13 | 61 | Financial Services | |
| Global Payments Inc. | -0.07 | 0.11 | 0.18 | 53 | Industrials | |
| Qualys, Inc. | -0.05 | 0.15 | 0.22 | 56 | Technology | |
| Occidental Petroleum Corporation | -0.03 | 0.06 | 0.12 | 68 | Energy | |
| ConocoPhillips Company | -0.03 | 0.02 | 0.08 | 73 | Energy |
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