Looking to diversify beyond TPLC? The ETFs below have historically moved differently from TPLC, 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 TPLC
174 ETFs have low correlation with TPLC (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.30 | — | 61 | Cryptocurrency | TPLC vs BITI | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.07 | — | 56 | Options Trading | TPLC vs CAOS | |
| Invesco DB Energy Fund | -0.24 | -0.06 | 0.10 | 72 | Oil & Gas | TPLC vs DBE | |
| United States Brent Oil Fund LP | -0.20 | -0.04 | 0.09 | 52 | Oil & Gas | TPLC vs BNO | |
| Invesco DB Oil Fund | -0.19 | -0.03 | 0.11 | 58 | Oil & Gas | TPLC vs DBO |
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