Looking to diversify beyond TLH? The ETFs below have the lowest correlation with TLH — 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 TLH.
Best Diversifiers for TLH
1298 ETFs have low correlation with TLH (below 0.3), 106 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.44 | -0.45 | 67 | Leveraged Currency | TLH vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.23 | -0.19 | 71 | Oil & Gas | TLH vs DBE | |
| United States Gasoline Fund LP | -0.40 | -0.20 | -0.17 | 70 | Oil & Gas | TLH vs UGA | |
| United States Brent Oil Fund LP | -0.39 | -0.22 | -0.20 | 65 | Oil & Gas | TLH vs BNO | |
| Invesco DB Oil Fund | -0.39 | -0.22 | -0.20 | 65 | Oil & Gas | TLH vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TLH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TLH and solid risk/return profiles. The least correlated is BHP Group (BHP) (Basic Materials) with a 1Y correlation of 0.23, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BHP Group | 0.23 | 0.15 | 0.06 | 92 | Basic Materials |
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