Looking to diversify beyond TSL? The ETFs below have historically moved differently from TSL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TSL
546 ETFs have low correlation with TSL (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | — | 51 | Cryptocurrency | TSL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 69 | Derivative Income | TSL vs WNTR | |
| YieldMax XOM Option Income Strategy ETF | -0.19 | -0.01 | -0.01 | 52 | Derivative Income, Dividend | TSL vs XOMO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | TSL vs IBIC | |
| Texas Capital Government Money Market ETF | -0.15 | — | — | 100 | Money Market | TSL vs MMKT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.12 | 0.10 | — | 60 | Consumer Defensive | |
| Amazon.com, Inc | 0.39 | 0.40 | — | 72 | Consumer Cyclical | |
| NVIDIA Corporation | 0.44 | 0.36 | — | 61 | Technology |
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