Looking to balance out your exposure to TFSL? The ETFs below have the lowest correlation with TFSL — they tend to move on their own, which can help reduce risk when TFSL drops. The stock ideas table highlights individual companies that behave independently from TFSL.
Best Diversifiers for TFSL
4 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 0.17, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds 2026 Term High Yield and Income ETF | 0.17 | 0.31 | 0.37 | 84 | Corporate Bonds | TFSL vs IBHF | |
| Spear Alpha ETF | 0.20 | 0.27 | — | 73 | Technology Equities | TFSL vs SPRX | |
| SPDR S&P Biotech ETF | 0.23 | 0.35 | 0.35 | 80 | Health & Biotech Equities | TFSL vs XBI | |
| Amplify CWP International Enhanced Dividend Income... | 0.28 | 0.31 | — | 72 | Derivative Income, Dividend, Foreign Large Cap Equities | TFSL vs IDVO | |
| iShares iBonds 2028 Term High Yield and Income ETF | 0.37 | 0.38 | — | 82 | High Yield Bonds | TFSL vs IBHH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TFSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TFSL and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.04, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.04 | 0.16 | 0.26 | 84 | Energy | |
| AbbVie Inc. | 0.05 | 0.12 | 0.15 | 68 | Healthcare | |
| FLEX LNG Ltd | 0.09 | 0.16 | 0.17 | 80 | Energy | |
| Western Midstream Partners, LP | 0.13 | 0.17 | 0.25 | 80 | Energy | |
| Vertiv Holdings Co. | 0.16 | 0.18 | 0.27 | 94 | Industrials |
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Build a portfolio that complements TFSL
Add TFSL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TFSL