Looking to diversify beyond TPHD? The ETFs below have the lowest correlation with TPHD — 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 TPHD.
Best Diversifiers for TPHD
546 ETFs have low correlation with TPHD (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.09 | -0.06 | 61 | Leveraged Currency | TPHD vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | TPHD vs USFR | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.08 | 0.02 | 0.08 | 76 | Nontraditional Bonds | TPHD vs AGZD | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.06 | -0.03 | 100 | Government Bonds, Ultrashort Bond | TPHD vs BIL | |
| Roundhill Weekly T-Bill ETF | -0.07 | — | — | 99 | Ultrashort Bond | TPHD vs WEEK |
See all 1569 diversifiers for TPHD
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