Looking to diversify beyond TPOR? The ETFs below have historically moved differently from TPOR, 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 TPOR
250 ETFs have low correlation with TPOR (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.12 | 0.05 | 66 | Oil & Gas | TPOR vs DBE | |
| Invesco DB Oil Fund | -0.27 | -0.11 | 0.04 | 51 | Oil & Gas | TPOR vs DBO | |
| ProShares Short Bitcoin ETF | -0.25 | -0.26 | — | 51 | Cryptocurrency | TPOR vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.07 | 0.09 | 61 | Commodities | TPOR vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.22 | -0.07 | 0.08 | 56 | Commodities | TPOR vs COMT |
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