Looking to diversify beyond TBJL? The ETFs below have the lowest correlation with TBJL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TBJL.
Best Diversifiers for TBJL
998 ETFs have low correlation with TBJL (below 0.3), 50 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.27 | — | — | 66 | Systematic Trend | TBJL vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.11 | -0.10 | 67 | Commodities | TBJL vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.23 | -0.09 | -0.09 | 74 | Commodities | TBJL vs FTGC | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.23 | -0.10 | — | 65 | Commodities | TBJL vs CMDT | |
| Harbor Commodity All-Weather Strategy ETF | -0.22 | -0.07 | — | 69 | Commodities | TBJL vs HGER |
See all 1147 diversifiers for TBJL
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Diversification Analysis
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