Looking to diversify beyond TSLO? The ETFs below have the lowest correlation with TSLO — 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 TSLO.
Best Diversifiers for TSLO
0 ETFs have low correlation with TSLO (below 0.3), 0 of which are negatively correlated. The least correlated is Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) (Defined Outcome) with a 1Y correlation of 0.41, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 0.41 | 0.41 | 0.41 | 97 | Defined Outcome, S&P 500 | TSLO vs CPSM | |
| Leverage Shares 2X Long ASML Daily ETF | 0.44 | 0.44 | 0.44 | 89 | Leveraged Equities | TSLO vs ASMG | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 0.45 | — | — | 98 | Defined Outcome | TSLO vs ZAPR | |
| Innovator Premium Income 15 Buffer ETF - July | 0.47 | 0.47 | 0.47 | 97 | Defined Outcome | TSLO vs LJUL | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.53 | 0.53 | 0.53 | 94 | Defined Outcome, Nasdaq-100 | TSLO vs QB |
See all 7 diversifiers for TSLO
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