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
1143 ETFs have low correlation with TLTW (below 0.3), 85 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.22 | — | 53 | Oil & Gas | TLTW vs DBE | |
| United States Gasoline Fund LP | -0.41 | -0.19 | — | 78 | Oil & Gas | TLTW vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.39 | -0.17 | — | 51 | Commodities | TLTW vs GSG | |
| ProShares UltraShort Yen | -0.38 | -0.37 | — | 72 | Leveraged Currency | TLTW vs YCS | |
| DoubleLine Commodity Strategy ETF | -0.37 | -0.20 | -0.20 | 51 | Commodities | TLTW vs DCMT |
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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 -0.28, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.28 | -0.11 | -0.11 | 66 | Energy | |
| Devon Energy Corporation | -0.27 | -0.08 | -0.08 | 72 | Energy | |
| Exxon Mobil Corporation | -0.26 | -0.08 | -0.09 | 75 | Energy | |
| Energy Transfer LP | -0.25 | -0.04 | — | 84 | Energy | |
| Chevron Corporation | -0.24 | -0.06 | -0.08 | 70 | Energy |
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