Looking to diversify beyond TLT? The ETFs below have historically moved differently from TLT, 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 TLT
1240 ETFs have low correlation with TLT (below 0.3), 100 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.18 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 | -0.18 | 53 | Oil & Gas | TLT vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.20 | -0.15 | 50 | Commodities | TLT vs GSG | |
| United States Gasoline Fund, LP | -0.38 | -0.20 | -0.16 | 74 | Oil & Gas | TLT vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.36 | -0.19 | -0.14 | 58 | Commodities | TLT vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.36 | -0.19 | -0.13 | 56 | Commodities | TLT vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TLT, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.31, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.31 | -0.13 | -0.15 | 71 | Energy | |
| Equinor ASA | -0.29 | -0.10 | -0.11 | 83 | Energy | |
| BP p.l.c. | -0.28 | -0.13 | -0.16 | 77 | Energy | |
| Chevron Corporation | -0.28 | -0.11 | -0.13 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.28 | -0.11 | -0.14 | 68 | Energy |
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