Looking to diversify beyond TCAI? The ETFs below have the lowest correlation with TCAI — 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 TCAI.
Best Diversifiers for TCAI
396 ETFs have low correlation with TCAI (below 0.3), 69 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.44 | -0.44 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TCAI vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | -0.43 | -0.43 | 57 | Cryptocurrency | TCAI vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | -0.41 | -0.41 | 68 | Inverse Equities, Leveraged Equities | TCAI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | -0.38 | -0.38 | 70 | Derivative Income | TCAI vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.20 | -0.20 | -0.20 | 51 | Currency | TCAI vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TCAI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TCAI and solid risk/return profiles. The least correlated is Applied Optoelectronics, Inc. (AAOI) (Technology) with a 1Y correlation of 0.55, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.55 | 0.55 | 0.55 | 92 | Technology | |
| Tower Semiconductor Ltd | 0.60 | 0.60 | 0.60 | 98 | Technology | |
| Fabrinet | 0.64 | 0.64 | 0.64 | 74 | Technology | |
| Corning Incorporated | 0.66 | 0.66 | 0.66 | 97 | Technology | |
| Eaton Corporation plc | 0.69 | 0.69 | 0.69 | 57 | Industrials |
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