Looking to diversify beyond TSLG? The ETFs below have the lowest correlation with TSLG — 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 TSLG.
Best Diversifiers for TSLG
320 ETFs have low correlation with TSLG (below 0.3), 36 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 -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.45 | -0.45 | 57 | Cryptocurrency | TSLG vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | TSLG vs IBIC | |
| Invesco DB Energy Fund | -0.14 | -0.02 | -0.02 | 53 | Oil & Gas | TSLG vs DBE | |
| VanEck Energy Income ETF | -0.12 | — | — | 81 | Energy Equities | TSLG vs EINC | |
| Alerian Energy Infrastructure ETF | -0.12 | 0.09 | 0.09 | 77 | Energy Equities | TSLG vs ENFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLG and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 1.00, roughly unchanged from 1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 1.00 | 1.00 | 1.00 | 63 | Consumer Cyclical |
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