Looking to diversify beyond TIP? The ETFs below have the lowest correlation with TIP — 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 TIP.
Best Diversifiers for TIP
1135 ETFs have low correlation with TIP (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.38 | -0.34 | 51 | Currency | TIP vs UUP | |
| ProShares UltraShort Yen | -0.38 | -0.43 | -0.43 | 72 | Leveraged Currency | TIP vs YCS | |
| Fidelity Managed Futures ETF | -0.21 | — | — | 71 | Systematic Trend | TIP vs FFUT | |
| United States Gasoline Fund LP | -0.19 | -0.07 | 0.02 | 78 | Oil & Gas | TIP vs UGA | |
| Invesco DB Energy Fund | -0.19 | -0.10 | 0.02 | 53 | Oil & Gas | TIP vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TIP and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.19, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.19 | -0.04 | 0.01 | 66 | Energy | |
| Exxon Mobil Corporation | -0.16 | -0.01 | 0.03 | 75 | Energy | |
| Chevron Corporation | -0.14 | -0.01 | 0.04 | 70 | Energy | |
| CF Industries Holdings, Inc. | -0.13 | -0.01 | 0.01 | 64 | Basic Materials | |
| Energy Transfer LP | -0.12 | 0.02 | 0.03 | 84 | Energy |
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