Looking to balance out your exposure to TFSL? The ETFs below have historically moved differently from TFSL, 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 TFSL
3 ETFs have low correlation with TFSL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares iBonds 2026 Term High Yield and Income ETF (IBHF) (Corporate Bonds) with a 1Y correlation of 0.14, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds 2026 Term High Yield and Income ETF | 0.14 | 0.30 | 0.36 | 83 | Corporate Bonds | TFSL vs IBHF | |
| SPDR S&P Biotech ETF | 0.16 | 0.33 | 0.34 | 94 | Health & Biotech Equities | TFSL vs XBI | |
| Amplify CWP International Enhanced Dividend Income... | 0.26 | 0.29 | — | 86 | Derivative Income, Dividend, Foreign Large Cap Equities | TFSL vs IDVO | |
| iShares iBonds 2028 Term High Yield and Income ETF | 0.33 | 0.36 | — | 88 | High Yield Bonds | TFSL vs IBHH | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.38 | 0.46 | 67 | S&P 500 | TFSL vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TFSL, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.02 | 0.12 | 0.21 | 80 | Energy | |
| AbbVie Inc. | 0.09 | 0.15 | 0.16 | 81 | Healthcare | |
| Western Midstream Partners, LP | 0.09 | 0.15 | 0.23 | 80 | Energy | |
| FLEX LNG Ltd | 0.11 | 0.16 | 0.16 | 84 | Energy | |
| Enterprise Products Partners L.P. | 0.13 | 0.16 | 0.25 | 89 | Energy |
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