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
1023 ETFs have low correlation with TBJL (below 0.3), 49 of which are negatively correlated. The least correlated is Fidelity Managed Futures ETF (FFUT) (Systematic Trend) with a 1Y correlation of -0.28, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.28 | -0.28 | -0.28 | 64 | Systematic Trend | TBJL vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.27 | -0.11 | -0.10 | 70 | Commodities | TBJL vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.23 | -0.09 | -0.08 | 53 | Commodities | TBJL vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.21 | -0.13 | -0.13 | 50 | Commodities | TBJL vs CERY | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.21 | -0.07 | -0.05 | 54 | Commodities | TBJL vs COM |
See all 1160 diversifiers for TBJL
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