Looking to diversify beyond TSMX? The ETFs below have historically moved differently from TSMX, 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 TSMX
561 ETFs have low correlation with TSMX (below 0.3), 152 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | — | — | 61 | Cryptocurrency | TSMX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | TSMX vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | TSMX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 75 | Derivative Income | TSMX vs WNTR | |
| iShares U.S. Insurance ETF | -0.29 | — | — | 53 | Financials Equities | TSMX vs IAK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.36 | — | — | 60 | Consumer Cyclical | |
| Marvell Technology, Inc. | 0.53 | 0.55 | 0.55 | 87 | Technology | |
| Advanced Micro Devices, Inc. | 0.56 | 0.58 | 0.58 | 94 | Technology | |
| NVIDIA Corporation | 0.59 | — | — | 56 | Technology | |
| Micron Technology, Inc. | 0.62 | — | — | 99 | Technology |
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