Looking to diversify beyond TLTD? The ETFs below have the lowest correlation with TLTD — 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 TLTD.
Best Diversifiers for TLTD
203 ETFs have low correlation with TLTD (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.30 | -0.25 | 72 | Leveraged Currency | TLTD vs YCS | |
| ProShares Short Bitcoin ETF | -0.37 | -0.29 | -0.32 | 53 | Cryptocurrency | TLTD vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.31 | -0.31 | 65 | Inverse Equities, Leveraged Equities | TLTD vs MSTZ | |
| Invesco DB Energy Fund | -0.31 | -0.06 | 0.12 | 57 | Oil & Gas | TLTD vs DBE | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | -0.32 | -0.32 | 70 | Derivative Income | TLTD vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TLTD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TLTD and solid risk/return profiles. The least correlated is Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | 0.17 | 0.23 | 0.31 | 60 | Energy |
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