Looking to diversify beyond TPZ? The ETFs below have the lowest correlation with TPZ — 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 TPZ.
Best Diversifiers for TPZ
1 ETFs have low correlation with TPZ (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Oil Refiners ETF (CRAK) (Energy Equities) with a 1Y correlation of 0.19, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 0.19 | 0.35 | 0.49 | 91 | Energy Equities | TPZ vs CRAK | |
| State Street Energy Select Sector SPDR ETF | 0.30 | 0.46 | 0.56 | 55 | Energy Equities | TPZ vs XLE | |
| iShares U.S. Energy ETF | 0.31 | 0.47 | 0.57 | 55 | Energy Equities | TPZ vs IYE | |
| Vanguard Energy ETF | 0.32 | 0.47 | 0.57 | 56 | Energy Equities | TPZ vs VDE | |
| Fidelity MSCI Energy Index ETF | 0.32 | 0.47 | 0.57 | 56 | Energy Equities | TPZ vs FENY |
See all 13 diversifiers for TPZ
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