Looking to diversify beyond TLTW? The ETFs below have the lowest correlation with TLTW — 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 TLTW.
Best Diversifiers for TLTW
1267 ETFs have low correlation with TLTW (below 0.3), 93 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.21 | — | 71 | Oil & Gas | TLTW vs DBE | |
| ProShares UltraShort Yen | -0.42 | -0.38 | — | 61 | Leveraged Currency | TLTW vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.18 | — | 69 | Oil & Gas | TLTW vs UGA | |
| Invesco DB Oil Fund | -0.41 | -0.19 | — | 65 | Oil & Gas | TLTW vs DBO | |
| United States Brent Oil Fund LP | -0.40 | -0.20 | — | 65 | Oil & Gas | TLTW vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TLTW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TLTW and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.24, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.24 | -0.10 | -0.10 | 76 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.07 | — | 85 | Energy | |
| Chevron Corporation | -0.22 | -0.05 | -0.07 | 83 | Energy | |
| Energy Transfer LP | -0.22 | -0.04 | — | 69 | Energy | |
| BP p.l.c. | -0.17 | -0.06 | -0.07 | 87 | Energy |
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