Looking to diversify beyond TLT? The ETFs below have the lowest correlation with TLT — 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 TLT.
Best Diversifiers for TLT
1271 ETFs have low correlation with TLT (below 0.3), 102 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.41 | -0.42 | 61 | Leveraged Currency | TLT vs YCS | |
| Invesco DB Energy Fund | -0.40 | -0.22 | -0.19 | 71 | Oil & Gas | TLT vs DBE | |
| United States Gasoline Fund LP | -0.39 | -0.19 | -0.16 | 69 | Oil & Gas | TLT vs UGA | |
| Invesco DB Oil Fund | -0.38 | -0.20 | -0.19 | 65 | Oil & Gas | TLT vs DBO | |
| Defiance Oil Enhanced Options Income ETF | -0.38 | -0.27 | -0.27 | 56 | Derivative Income | TLT vs USOY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TLT and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.23, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.23 | -0.11 | -0.15 | 76 | Energy | |
| BP p.l.c. | -0.21 | -0.11 | -0.17 | 87 | Energy | |
| Chevron Corporation | -0.21 | -0.08 | -0.13 | 83 | Energy | |
| Exxon Mobil Corporation | -0.20 | -0.06 | -0.13 | 85 | Energy | |
| Valero Energy Corporation | -0.20 | -0.07 | -0.15 | 93 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TLT
Add TLT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TLT