Looking to diversify beyond TFPN? The ETFs below have historically moved differently from TFPN, 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 TFPN
324 ETFs have low correlation with TFPN (below 0.3), 20 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.24 | — | 61 | Cryptocurrency | TFPN vs BITI | |
| Alpha Architect Tail Risk ETF | -0.19 | -0.11 | — | 56 | Options Trading | TFPN vs CAOS | |
| iShares U.S. Insurance ETF | -0.12 | 0.03 | — | 53 | Financials Equities | TFPN vs IAK | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.12 | — | 100 | Government Bonds, Ultrashort Bond | TFPN vs BIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 98 | Ultrashort Bond | TFPN vs CSHP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TFPN, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.14, roughly unchanged from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.14 | -0.11 | -0.11 | 66 | Communication Services | |
| Triple Flag Precious Metals Corp | 0.33 | 0.19 | — | 62 | Basic Materials |
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