Looking to diversify beyond TPLS? The ETFs below have the lowest correlation with TPLS — 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 TPLS.
Best Diversifiers for TPLS
741 ETFs have low correlation with TPLS (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.43, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.43 | -0.35 | -0.35 | 65 | Oil & Gas | TPLS vs DBO | |
| Invesco DB Energy Fund | -0.43 | -0.36 | -0.36 | 71 | Oil & Gas | TPLS vs DBE | |
| United States Brent Oil Fund LP | -0.41 | — | — | 65 | Oil & Gas | TPLS vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | — | — | 71 | Commodities | TPLS vs GSG | |
| iShares Commodities Select Strategy ETF | -0.37 | -0.32 | -0.32 | 71 | Commodities | TPLS vs COMT |
See all 1141 diversifiers for TPLS
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