Looking to balance out your exposure to TPB? The ETFs below have the lowest correlation with TPB — they tend to move on their own, which can help reduce risk when TPB drops. The stock ideas table highlights individual companies that behave independently from TPB.
Best Diversifiers for TPB
1 ETFs have low correlation with TPB (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.14 | 0.11 | — | 56 | Derivative Income, Options Trading | TPB vs NVDY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TPB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TPB and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.17 | 0.03 | 0.08 | 94 | Energy | |
| CF Industries Holdings, Inc. | -0.11 | 0.03 | 0.10 | 63 | Basic Materials | |
| Coterra Energy Inc. | -0.06 | 0.06 | 0.14 | 80 | Energy | |
| Fox Corporation | -0.04 | 0.20 | 0.28 | 61 | Communication Services | |
| Fox Corporation | -0.03 | 0.21 | 0.29 | 59 | Communication Services |
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