Looking to diversify beyond TPYP? The ETFs below have historically moved differently from TPYP, 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 TPYP
1605 ETFs have low correlation with TPYP (below 0.3), 1114 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2034 Municipal Bond ETF | -0.23 | — | — | 64 | Municipal Bonds | TPYP vs BSMY | |
| KraneShares Asia Pacific High Income Bond ETF | -0.22 | 0.13 | 0.13 | 83 | Emerging Markets Bonds | TPYP vs KHYB | |
| YieldMax GOOGL Option Income Strategy ETF | -0.22 | 0.01 | 0.01 | 89 | Derivative Income | TPYP vs GOOY | |
| BNY Mellon Ultra Short Income ETF | -0.22 | -0.02 | — | 99 | Ultrashort Bond | TPYP vs BKUI | |
| Fidelity Municipal Bond Opportunities ETF | -0.21 | -0.11 | -0.11 | 76 | Municipal Bonds | TPYP vs FMUB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TPYP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CBL & Associates Properties, Inc. | 0.04 | 0.27 | — | 99 | ||
| MPLX LP | 0.56 | 0.64 | 0.68 | 79 | Energy | |
| Enbridge Inc. | 0.74 | 0.72 | 0.78 | 85 | Energy |
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