Looking to diversify beyond TSLQ? The ETFs below have the lowest correlation with TSLQ — 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 TSLQ.
Best Diversifiers for TSLQ
1548 ETFs have low correlation with TSLQ (below 0.3), 1488 of which are negatively correlated. The least correlated is SoFi Social 50 ETF (SFYF) (Large Cap Growth Equities) with a 1Y correlation of -0.74, roughly unchanged from -0.73 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SoFi Social 50 ETF | -0.74 | -0.73 | — | 52 | Large Cap Growth Equities | TSLQ vs SFYF | |
| Wahed FTSE USA Shariah ETF | -0.64 | -0.61 | — | 82 | Large Cap Growth Equities | TSLQ vs HLAL | |
| Global X Nasdaq 100 Covered Call & Growth ETF | -0.63 | -0.59 | — | 73 | Nasdaq-100, Derivative Income | TSLQ vs QYLG | |
| Fidelity Nasdaq Composite Index ETF | -0.63 | -0.61 | — | 55 | Large Cap Growth Equities | TSLQ vs ONEQ | |
| IQ Candriam ESG U.S. Equity ETF | -0.62 | -0.60 | — | 68 | Large Cap Growth Equities | TSLQ vs IQSU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLQ and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of -1.00, roughly unchanged from -0.99 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | -1.00 | -0.99 | — | 63 | Consumer Cyclical | |
| Robinhood Markets, Inc. | -0.44 | -0.39 | -0.43 | 52 | Financial Services | |
| Riot Platforms, Inc. | -0.43 | -0.43 | -0.43 | 70 | Technology | |
| Applied Materials, Inc. | -0.42 | -0.40 | -0.40 | 96 | Technology | |
| ASML Holding N.V. | -0.42 | -0.37 | -0.39 | 94 | Technology |
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