Looking to diversify beyond TSLP? The ETFs below have the lowest correlation with TSLP — 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 TSLP.
Best Diversifiers for TSLP
465 ETFs have low correlation with TSLP (below 0.3), 64 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | TSLP vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.36 | -0.36 | 57 | Cryptocurrency | TSLP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TSLP vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | TSLP vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.22 | — | — | 51 | Currency | TSLP vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLP and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.21, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.21 | 0.03 | 0.03 | 87 | Energy | |
| MPLX LP | -0.03 | 0.12 | 0.12 | 82 | Energy | |
| Tesla, Inc. | 0.98 | — | — | 63 | Consumer Cyclical |
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