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36 Stocks and 64 ETFs for diversifying Thermo Fisher Scientific (TMO)

The least correlated asset to Thermo Fisher Scientific (TMO) is ETF TIPA (NORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF). The correlation is -0.7367.

Stocks that lowly correlated with TMO

SymbolName
Market cap
SectorIndustry
Correlation
BUUUBUUU Group Ltd - Class A$293MIndustrialsSpecialty Business Services-0.68
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.64
IBACIB Acquisition Corp$46MFinancial ServicesShell Companies-0.61
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.53
JLHLJulong Holding Ltd - Class A$219MIndustrialsBuilding Products & Equipment-0.53
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.52
DKIDarkiris Inc - Class A$6.20MCommunication ServicesElectronic Gaming & Multimedia-0.49
ZYBTZhengye Biotechnology Holding Ltd$35MHealthcareDrug Manufacturers - Specialty & Generic-0.49
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.49
KMRKKTech Solutions Company Ltd$21MConsumer CyclicalLeisure-0.49
TDICDreamland Ltd$17MCommunication ServicesAdvertising Agencies-0.48
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.46
CEPCantor Equity Partners Inc - Class A$183MFinancial ServicesShell Companies-0.46
MLECMoolec Science SA$10MHealthcareBiotechnology-0.46
SOBOSouth Bow Corp$7.82BEnergyOil & Gas Midstream-0.45
GETGetnetAdquirencia e Servicos para Meios de Pagamento S.A. - Instituica$88MN/AN/A-0.44
NCINeo Concept International Group Holdings Ltd$48MConsumer CyclicalApparel Manufacturing-0.43
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.42
NCLNorthann Corp$8.54MConsumer CyclicalFurnishings, Fixtures & Appliances-0.42
ROMARoma Green Finance Ltd$438MIndustrialsConsulting Services-0.41
CEPOCantor Equity Partners I Inc - Class A$271MFinancial ServicesShell Companies-0.41
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.41
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.40
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.39
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.39
GIWGigInternational1 Inc$138MFinancial ServicesShell Companies-0.39
TRAKDealerTrack Technologies Inc$162MTechnologySoftware - Application-0.39
DFDVDeFi Development Corp$91MFinancial ServicesAsset Management-0.39
ALFCenturion Acquisition Corp - Class A$312MFinancial ServicesShell Companies-0.38
KGKING PHARMACEUTICALS INC$77MFinancial ServicesInsurance - Reinsurance-0.38
APADREnhanced Group Inc$6.67MN/AN/A-0.38
UCFICN Healthy Food Tech Group Corp$288MConsumer DefensivePackaged Foods-0.38
IROHIron Horse Acquisitions Corp$263MFinancial ServicesShell Companies-0.38
WFFWF Holding Ltd$12MIndustrialsSpecialty Industrial Machinery-0.37
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.37
QSEARQuartzsea Acquisition Corp$845KN/AN/A-0.37

ETFs that lowly correlated with TMO

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TIPANORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF $18M0.10%Aug 18, 2025-0.74
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.73
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.71
TIPBNORTHERN TRUST 2035 INFLATION-LINKED DISTRIBUTING LADDER ETF $8M0.10%Aug 18, 2025-0.69
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.67
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.67
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.60
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.57
TEXNISHARES TEXAS EQUITY ETF $17M0.20%Jun 23, 2025-0.54
MUNANORTHERN TRUST 2030 TAX-EXEMPT DISTRIBUTING LADDER ETF $9M0.18%Aug 18, 2025-0.52
GEVXTradr 2X Long GEV Daily ETF$52MN/AJul 10, 2025-0.52
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.51
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.50
PLTZDefiance Daily Target 2x Short PLTR ETF$13MN/AJun 5, 2025-0.50
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.49
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.49
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.49
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.48
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.48
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.47
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.46
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.46
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.46
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.45
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.45
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.44
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.44
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.44
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.43
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.43
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.43
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.43
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.42
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.42
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.41
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.41
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.41
PIPEInvesco SteelPath MLP & Energy Infrastructure ETF$65M0.75%Feb 18, 2025-0.41
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.41
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.41
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.41
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.41
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.40
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.40
GXPSGLOBAL X PURECAP MSCI CONSUMER STAPLES ETF $59M0.15%Jul 22, 2025-0.40
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.40
IGMEBITWISE GME OPTION INCOME STRATEGY ETF $1.10M0.96%Jun 9, 2025-0.40
GLDNNICHOLAS GOLD INCOME ETF $2.50M1.07%Feb 17, 2026-0.40
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.39
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.39
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.39
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.39
MSTUT-REX 2X LONG MSTR DAILY TARGET ETF $291MN/ASep 17, 2024-0.38
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.38
NFLUT-REX 2X LONG NFLX DAILY TARGET ETF $46MN/ASep 26, 2024-0.37
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.37
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.37
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.37
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.37
NFXLDIREXION DAILY NFLX BULL 2X SHARES $141MN/AOct 2, 2024-0.37
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.37
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.37
MSTXDefiance Daily Target 2x Long MSTR ETF$151MN/AAug 14, 2024-0.37
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.37