Looking to diversify beyond TFPN? The ETFs below have the lowest correlation with TFPN — 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 TFPN.
Best Diversifiers for TFPN
194 ETFs have low correlation with TFPN (below 0.3), 17 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | — | — | 99 | Ultrashort Bond | TFPN vs CSHP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | — | — | 100 | Government Bonds, Ultrashort Bond | TFPN vs BIL | |
| Alpha Architect 1-3 Month Box ETF | -0.09 | — | — | 100 | Ultrashort Bond | TFPN vs BOXX | |
| TCW AAA CLO ETF | -0.06 | — | — | 99 | CLO | TFPN vs ACLO | |
| SPDR Bloomberg 3-12 Month T-Bill ETF | -0.06 | — | — | 100 | Ultrashort Bond | TFPN vs BILS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TFPN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TFPN and solid risk/return profiles. The least correlated is Triple Flag Precious Metals Corp (TFPM) (Basic Materials) with a 1Y correlation of 0.33, up from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Triple Flag Precious Metals Corp | 0.33 | 0.21 | 0.21 | 56 | Basic Materials |
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