Looking to diversify beyond TLTD? The ETFs below have historically moved differently from TLTD, 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 TLTD
209 ETFs have low correlation with TLTD (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | — | 51 | Cryptocurrency | TLTD vs BITI | |
| ProShares UltraShort Yen | -0.41 | -0.30 | -0.26 | 59 | Leveraged Currency | TLTD vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 69 | Derivative Income | TLTD vs WNTR | |
| Invesco DB Energy Fund | -0.31 | -0.08 | 0.11 | 66 | Oil & Gas | TLTD vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.28 | -0.17 | -0.12 | 51 | Nontraditional Bonds | TLTD vs RISR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TLTD, 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 Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of 0.18, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | 0.18 | 0.22 | 0.30 | 64 | Energy |
Build a portfolio that complements TLTD
Add TLTD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TLTD