Looking to diversify beyond TLTW? The ETFs below have historically moved differently from TLTW, 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 TLTW
1225 ETFs have low correlation with TLTW (below 0.3), 115 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.24 | — | 66 | Oil & Gas | TLTW vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.42 | -0.19 | — | 61 | Commodities | TLTW vs GSG | |
| United States Gasoline Fund, LP | -0.42 | -0.20 | — | 83 | Oil & Gas | TLTW vs UGA | |
| Invesco DB Oil Fund | -0.41 | -0.21 | — | 51 | Oil & Gas | TLTW vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.41 | -0.21 | — | 56 | Commodities | TLTW vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TLTW, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.32, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.32 | -0.14 | -0.12 | 73 | Energy | |
| BP p.l.c. | -0.31 | -0.12 | -0.10 | 83 | Energy | |
| Exxon Mobil Corporation | -0.30 | -0.09 | -0.10 | 85 | Energy | |
| Devon Energy Corporation | -0.30 | -0.11 | -0.10 | 78 | Energy | |
| Chevron Corporation | -0.29 | -0.09 | -0.09 | 79 | Energy |
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