Looking to diversify beyond TLA? The ETFs below have the lowest correlation with TLA — 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 TLA.
Best Diversifiers for TLA
3 ETFs have low correlation with TLA (below 0.3), 1 of which are negatively correlated. The least correlated is FT Energy Income Partners Enhanced Income ETF (EIPI) (Derivative Income) with a 1Y correlation of -0.17, roughly unchanged from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Enhanced Income ETF | -0.17 | -0.17 | — | 73 | Derivative Income | TLA vs EIPI | |
| VistaShares Target 15™ Berkshire Select Income ETF | 0.05 | 0.05 | 0.05 | 55 | Derivative Income | TLA vs OMAH | |
| Simplify Treasury Option Income ETF | 0.20 | 0.20 | 0.20 | 87 | Government Bonds, Ultrashort Bond, Derivative Income | TLA vs BUCK | |
| SoFi Enhanced Yield ETF | 0.33 | — | — | 95 | Derivative Income | TLA vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 0.35 | 0.35 | 0.35 | 93 | Derivative Income | TLA vs GOOY |
See all 15 diversifiers for TLA
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