Looking to balance out your exposure to TLSA? The ETFs below have historically moved differently from TLSA, 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 TLSA
3 ETFs have low correlation with TLSA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.21 | 0.12 | 0.13 | 58 | Technology Equities | TLSA vs VGT | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.12 | 0.14 | 72 | S&P 500 | TLSA vs SPY | |
| Invesco QQQ ETF | 0.23 | 0.12 | 0.14 | 55 | Nasdaq-100 | TLSA vs QQQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TLSA, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.02 | 0.03 | 77 | Healthcare | |
| NVIDIA Corporation | 0.16 | 0.08 | 0.10 | 59 | Technology | |
| Tarsus Pharmaceuticals, Inc. | 0.16 | 0.07 | 0.09 | 71 | Healthcare | |
| Arcutis Biotherapeutics, Inc. | 0.19 | 0.08 | 0.06 | 80 | Healthcare | |
| D-Wave Quantum Inc | 0.20 | 0.13 | — | 55 | Technology |
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