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
472 ETFs have low correlation with TSL (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | -0.34 | 53 | Cryptocurrency | TSL vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.42 | — | 65 | Inverse Equities, Leveraged Equities | TSL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | TSL vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | TSL vs IBIC | |
| Texas Capital Government Money Market ETF | -0.16 | — | — | 100 | Money Market | TSL vs MMKT |
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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 -0.11, down from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.11 | 0.10 | — | 69 | Consumer Defensive | |
| Amazon.com, Inc | 0.34 | 0.39 | — | 54 | Consumer Cyclical | |
| NVIDIA Corporation | 0.39 | 0.36 | — | 70 | Technology | |
| Tesla, Inc. | 1.00 | 1.00 | — | 62 | Consumer Cyclical |
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