Looking to diversify beyond TPYP? The ETFs below have the lowest correlation with TPYP — 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 TPYP.
Best Diversifiers for TPYP
1522 ETFs have low correlation with TPYP (below 0.3), 922 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.20, down from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.20 | 0.00 | — | 99 | Ultrashort Bond | TPYP vs BKUI | |
| Eaton Vance Intermediate Municipal Income ETF | -0.17 | — | — | 74 | Municipal Bonds | TPYP vs EVIM | |
| Fidelity Municipal Bond Opportunities ETF | -0.17 | -0.09 | -0.09 | 77 | Municipal Bonds | TPYP vs FMUB | |
| Fidelity Low Duration Bond ETF | -0.17 | — | — | 98 | Short-Term Bond | TPYP vs FLDB | |
| Schwab Municipal Bond ETF | -0.17 | 0.09 | — | 66 | Municipal Bonds | TPYP vs SCMB |
See all 1570 diversifiers for TPYP
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