Looking to diversify beyond TSL? The ETFs below have the lowest correlation with TSL — 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 TSL.
Best Diversifiers for TSL
400 ETFs have low correlation with TSL (below 0.3), 30 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | TSL vs IBIC | |
| ProShares UltraShort Yen | -0.13 | -0.03 | — | 61 | Leveraged Currency | TSL vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | TSL vs CSHP | |
| Texas Capital Government Money Market ETF | -0.11 | — | — | 100 | Money Market | TSL vs MMKT | |
| Brookstone Ultra-Short Bond ETF | -0.10 | — | — | 98 | Ultrashort Bond | TSL vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSL and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.07 | 0.13 | — | 69 | Consumer Defensive | |
| Amazon.com, Inc | 0.32 | 0.40 | — | 52 | Consumer Cyclical | |
| NVIDIA Corporation | 0.38 | 0.36 | — | 76 | Technology | |
| Tesla, Inc. | 1.00 | 1.00 | — | 59 | Consumer Cyclical |
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