Looking to balance out your exposure to TLSA? The ETFs below have the lowest correlation with TLSA — they tend to move on their own, which can help reduce risk when TLSA drops. The stock ideas table highlights individual companies that behave independently from TLSA.
Best Diversifiers for TLSA
4 ETFs have low correlation with TLSA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.23, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.23 | 0.12 | 0.14 | 70 | S&P 500 | TLSA vs SPY | |
| ProShares UltraPro QQQ | 0.24 | 0.13 | 0.15 | 71 | Leveraged Equities | TLSA vs TQQQ | |
| Invesco QQQ ETF | 0.25 | 0.13 | 0.15 | 73 | Nasdaq-100 | TLSA vs QQQ | |
| Vanguard Information Technology ETF | 0.25 | 0.12 | 0.14 | 76 | Technology Equities | TLSA vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TLSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TLSA and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.02 | 0.00 | 0.02 | 72 | Healthcare | |
| Tarsus Pharmaceuticals, Inc. | 0.11 | 0.07 | 0.09 | 64 | Healthcare | |
| Palvella Therapeutics, Inc | 0.12 | — | — | 96 | Healthcare | |
| NVIDIA Corporation | 0.18 | 0.07 | 0.10 | 78 | Technology | |
| D-Wave Quantum Inc | 0.18 | 0.11 | — | 59 | Technology |
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