Looking to diversify beyond TNA? The ETFs below have the lowest correlation with TNA — 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 TNA.
Best Diversifiers for TNA
196 ETFs have low correlation with TNA (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.09 | -0.05 | 61 | Leveraged Currency | TNA vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | TNA vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | -0.00 | -0.00 | 98 | Inflation-Protected Bonds | TNA vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | 0.02 | 0.02 | 99 | Ultrashort Bond | TNA vs CSHP | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | 0.04 | 0.04 | 95 | Inflation-Protected Bonds | TNA vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TNA and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.38, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.38 | 0.43 | 0.52 | 75 | Technology | |
| FIGS, Inc. | 0.38 | 0.43 | 0.51 | 85 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.39 | 0.45 | 0.52 | 99 | Technology | |
| Fabrinet | 0.44 | 0.50 | 0.56 | 87 | Technology | |
| German American Bancorp, Inc. | 0.46 | 0.52 | 0.57 | 75 | Financial Services |
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