Looking to diversify beyond TLA? The ETFs below have historically moved differently from TLA, 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 TLA
1 ETFs have low correlation with TLA (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax GOOGL Option Income Strategy ETF (GOOY) (Derivative Income) with a 1Y correlation of 0.29, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 0.29 | 0.29 | 0.29 | 89 | Derivative Income | TLA vs GOOY | |
| Kurv Yield Premium Strategy Google ETF | 0.31 | 0.31 | 0.31 | 77 | Derivative Income | TLA vs GOOP | |
| Main Buywrite ETF | 0.38 | 0.38 | 0.38 | 85 | Derivative Income | TLA vs BUYW | |
| GraniteShares 2x Long MU Daily ETF | 0.43 | 0.43 | 0.43 | 98 | Leveraged Equities | TLA vs MULL | |
| Invesco S&P 500 BuyWrite ETF | 0.56 | 0.56 | 0.56 | 92 | Derivative Income, S&P 500 | TLA vs PBP |
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