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
229 ETFs have low correlation with TLTD (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.30 | -0.25 | 61 | Leveraged Currency | TLTD vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.05 | 0.13 | 71 | Oil & Gas | TLTD vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.02 | 0.12 | 65 | Oil & Gas | TLTD vs BNO | |
| United States Oil Fund LP | -0.31 | -0.03 | 0.13 | 66 | Oil & Gas | TLTD vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.09 | -0.09 | 56 | Derivative Income | TLTD vs USOY |
See all 1599 diversifiers for TLTD
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