Looking to diversify beyond TSEL? The ETFs below have the lowest correlation with TSEL — 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 TSEL.
Best Diversifiers for TSEL
284 ETFs have low correlation with TSEL (below 0.3), 61 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | — | — | 71 | Oil & Gas | TSEL vs DBE | |
| Direxion Daily Energy Bull 2X Shares | -0.22 | -0.03 | -0.03 | 61 | Leveraged Equities | TSEL vs ERX | |
| ProShares Ultra Oil & Gas | -0.22 | -0.03 | -0.03 | 61 | Leveraged Equities | TSEL vs DIG | |
| Strive U.S. Energy ETF | -0.22 | -0.04 | -0.04 | 55 | Energy Equities | TSEL vs DRLL | |
| United States Brent Oil Fund LP | -0.21 | — | — | 65 | Oil & Gas | TSEL vs BNO |
See all 1153 diversifiers for TSEL
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Diversification Analysis
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