Looking to diversify beyond TSME? The ETFs below have historically moved differently from TSME, 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 TSME
199 ETFs have low correlation with TSME (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, roughly unchanged from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.34 | — | 61 | Cryptocurrency | TSME vs BITI | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.11 | 0.02 | 56 | Options Trading | TSME vs CAOS | |
| Invesco DB Energy Fund | -0.29 | -0.08 | — | 72 | Oil & Gas | TSME vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.05 | — | 58 | Oil & Gas | TSME vs DBO | |
| United States Brent Oil Fund LP | -0.24 | -0.05 | — | 52 | Oil & Gas | TSME vs BNO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSME, 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 Western Digital Corporation (WDC) (Technology) with a 1Y correlation of 0.52, roughly unchanged from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Digital Corporation | 0.52 | 0.52 | 0.54 | 99 | Technology | |
| Ameresco, Inc. | 0.53 | 0.51 | — | 58 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.60 | 0.55 | — | 87 | Technology |
Build a portfolio that complements TSME
Add TSME to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TSME