Looking to diversify beyond TBLL? The ETFs below have historically moved differently from TBLL, 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 TBLL
1677 ETFs have low correlation with TBLL (below 0.3), 214 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.20 | — | — | 88 | Systematic Trend, Actively Managed | TBLL vs FFUT | |
| ProShares UltraShort Yen | -0.20 | -0.11 | -0.16 | 56 | Leveraged Currency | TBLL vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | -0.09 | -0.10 | 72 | Commodities | TBLL vs PDBC | |
| United States Commodity Index Fund | -0.17 | -0.07 | -0.06 | 84 | Commodities | TBLL vs USCI | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.17 | -0.07 | -0.06 | 85 | Commodities | TBLL vs SDCI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TBLL, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | -0.03 | 0.00 | 56 | Technology |
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