Looking to diversify beyond TBT? The ETFs below have the lowest correlation with TBT — 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 TBT.
Best Diversifiers for TBT
1539 ETFs have low correlation with TBT (below 0.3), 1454 of which are negatively correlated. The least correlated is Neos Enhanced Income Aggregate Bond ETF (BNDI) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.86, roughly unchanged from -0.89 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neos Enhanced Income Aggregate Bond ETF | -0.86 | -0.89 | -0.89 | 51 | Intermediate Core-Plus Bond | TBT vs BNDI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.80 | — | — | 70 | Multisector Bonds | TBT vs AGGA | |
| FlexShares Credit-Scored US Corporate Bond Index F... | -0.80 | -0.82 | -0.78 | 51 | Corporate Bonds | TBT vs SKOR | |
| Hartford Strategic Income ETF | -0.80 | -0.81 | — | 66 | Multisector Bonds | TBT vs HFSI | |
| Frontier Asset Core Bond ETF | -0.79 | — | — | 52 | Intermediate Core Bond | TBT vs FCBD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TBT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TBT and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of -0.33, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | -0.33 | -0.37 | -0.25 | 83 | Real Estate | |
| Johnson & Johnson | -0.18 | -0.15 | -0.12 | 97 | Healthcare | |
| Howmet Aerospace Inc. | -0.15 | -0.08 | 0.00 | 87 | Industrials | |
| General Electric Company | -0.14 | -0.05 | 0.02 | 78 | Industrials | |
| Corning Incorporated | -0.12 | -0.13 | -0.03 | 97 | Technology |
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Build a portfolio that complements TBT
Add TBT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TBT