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
361 ETFs have low correlation with TESL (below 0.3), 38 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of -0.16, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | -0.16 | 0.09 | 0.19 | 78 | Energy Equities | TESL vs EINC | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | TESL vs IBIC | |
| iShares Global Energy ETF | -0.14 | 0.03 | 0.12 | 51 | Energy Equities | TESL vs IXC | |
| Alerian Energy Infrastructure ETF | -0.14 | 0.10 | 0.20 | 73 | Energy Equities | TESL vs ENFR | |
| First Trust North American Energy Infrastructure F... | -0.13 | 0.10 | 0.20 | 83 | MLPs | TESL vs EMLP |
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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 0.94, up from 0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.94 | 0.84 | 0.83 | 66 | Consumer Cyclical |
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