Looking to diversify beyond TESL? The ETFs below have the lowest correlation with TESL — 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 TESL.
Best Diversifiers for TESL
331 ETFs have low correlation with TESL (below 0.3), 25 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | TESL vs IBIC | |
| VanEck Energy Income ETF | -0.10 | 0.11 | 0.20 | 57 | Energy Equities | TESL vs EINC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.10 | -0.00 | -0.00 | 95 | Inflation-Protected Bonds | TESL vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | TESL vs CSHP | |
| Brookstone Ultra-Short Bond ETF | -0.09 | — | — | 98 | Ultrashort Bond | TESL vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TESL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TESL and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.93, up from 0.82 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.93 | 0.84 | 0.82 | 59 | Consumer Cyclical |
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