Looking to balance out your exposure to TPL? The ETFs below have historically moved differently from TPL, 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 TPL
259 ETFs have low correlation with TPL (below 0.3), 17 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.10 | -0.03 | -0.05 | 100 | Government Bonds, Ultrashort Bond | TPL vs SHV | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | TPL vs USFR | |
| Vanguard Ultra-Short Bond ETF | -0.09 | -0.05 | -0.01 | 99 | Ultrashort Bond | TPL vs VUSB | |
| PGIM AAA CLO ETF | -0.07 | 0.08 | — | 99 | CLO | TPL vs PAAA | |
| Vanguard Tax-Exempt Bond ETF | -0.05 | -0.03 | -0.01 | 64 | Municipal Bonds | TPL vs VTEB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TPL, 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 Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.11, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.11 | -0.09 | -0.02 | 61 | Consumer Defensive | |
| Apple Inc | -0.11 | 0.02 | 0.13 | 90 | Technology | |
| HCA Healthcare, Inc. | -0.11 | 0.05 | 0.11 | 54 | Healthcare | |
| Monster Beverage Corporation | -0.09 | 0.02 | 0.09 | 92 | Consumer Defensive | |
| The Coca-Cola Company | -0.07 | -0.03 | 0.05 | 86 | Consumer Defensive |
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