Looking to diversify beyond TSEC? The ETFs below have the lowest correlation with TSEC — 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 TSEC.
Best Diversifiers for TSEC
1067 ETFs have low correlation with TSEC (below 0.3), 57 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.22, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.22 | -0.10 | -0.10 | 65 | Oil & Gas | TSEC vs DBO | |
| Invesco DB Energy Fund | -0.22 | — | — | 71 | Oil & Gas | TSEC vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.22 | -0.10 | -0.10 | 77 | Commodities | TSEC vs DBC | |
| DoubleLine Commodity Strategy ETF | -0.22 | — | — | 74 | Commodities | TSEC vs DCMT | |
| iShares Commodities Select Strategy ETF | -0.22 | -0.10 | -0.10 | 72 | Commodities | TSEC vs COMT |
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