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
1490 ETFs have low correlation with TPYP (below 0.3), 1045 of which are negatively correlated. The least correlated is Bridges Capital Tactical ETF (BDGS) (Large Cap Blend Equities) with a 1Y correlation of -0.22, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | -0.22 | 0.17 | — | 78 | Large Cap Blend Equities | TPYP vs BDGS | |
| iShares Top 20 U.S. Stocks ETF | -0.21 | 0.05 | 0.05 | 50 | Large Cap Growth Equities | TPYP vs TOPT | |
| Fidelity Nasdaq Composite Index ETF | -0.21 | 0.13 | 0.29 | 59 | Large Cap Growth Equities | TPYP vs ONEQ | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.20 | -0.01 | -0.01 | 74 | Municipal Bonds | TPYP vs BSMY | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.20 | 0.03 | 0.03 | 62 | Technology Equities | TPYP vs FAI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TPYP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TPYP and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CBL & Associates Properties, Inc. | 0.06 | 0.28 | — | 98 | ||
| MPLX LP | 0.58 | 0.64 | 0.69 | 82 | Energy | |
| Enbridge Inc. | 0.75 | 0.73 | 0.78 | 87 | Energy |
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