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
1103 ETFs have low correlation with TLT (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.41 | -0.42 | 73 | Leveraged Currency | TLT vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.18 | -0.16 | 60 | Oil & Gas | TLT vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.30 | -0.12 | -0.12 | 77 | Commodities | TLT vs FAAR | |
| Fidelity Managed Futures ETF | -0.29 | — | — | 60 | Systematic Trend | TLT vs FFUT | |
| VanEck Commodity Strategy ETF | -0.28 | -0.12 | — | 59 | Commodities | TLT vs PIT |
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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 -0.25, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.25 | -0.10 | -0.14 | 65 | Energy | |
| Equinor ASA | -0.24 | -0.08 | -0.11 | 68 | Energy | |
| BP p.l.c. | -0.24 | -0.10 | -0.16 | 75 | Energy | |
| Chevron Corporation | -0.24 | -0.08 | -0.13 | 70 | Energy | |
| Exxon Mobil Corporation | -0.21 | -0.06 | -0.13 | 74 | Energy |
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Build a portfolio that complements TLT
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