Looking to diversify beyond TLH? The ETFs below have historically moved differently from TLH, 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 TLH
1103 ETFs have low correlation with TLH (below 0.3), 115 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.24 | -0.19 | 79 | Oil & Gas | TLH vs DBE | |
| United States Oil Fund LP | -0.40 | -0.24 | -0.20 | 69 | Oil & Gas | TLH vs USO | |
| Invesco DB Oil Fund | -0.40 | -0.23 | -0.19 | 73 | Oil & Gas | TLH vs DBO | |
| ProShares UltraShort Yen | -0.40 | -0.44 | -0.45 | 86 | Leveraged Currency | TLH vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.22 | -0.17 | 92 | Oil & Gas | TLH vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TLH, 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 BHP Group Limited (BHP) (Basic Materials) with a 1Y correlation of 0.24, up from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BHP Group Limited | 0.24 | 0.16 | 0.07 | 88 | Basic Materials |
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