Looking to diversify beyond TSLQ? The ETFs below have historically moved differently from TSLQ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TSLQ
1720 ETFs have low correlation with TSLQ (below 0.3), 1621 of which are negatively correlated. The least correlated is Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) (Nasdaq-100) with a 1Y correlation of -0.67, roughly unchanged from -0.59 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Nasdaq 100 Covered Call & Growth ETF | -0.67 | -0.59 | — | 66 | Nasdaq-100, Derivative Income | TSLQ vs QYLG | |
| Wahed FTSE USA Shariah ETF | -0.67 | -0.62 | — | 79 | Large Cap Growth Equities | TSLQ vs HLAL | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -0.66 | — | — | 60 | Nasdaq-100, Dividend | TSLQ vs GPIQ | |
| Invesco ESG NASDAQ 100 ETF | -0.66 | -0.59 | — | 51 | Nasdaq-100 | TSLQ vs QQMG | |
| Invesco QQQ Income Advantage ETF | -0.66 | — | — | 56 | Derivative Income | TSLQ vs QQA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSLQ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.48, roughly unchanged from -0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.48 | -0.39 | -0.38 | 87 | Technology | |
| Applied Materials, Inc. | -0.47 | -0.41 | -0.41 | 95 | Technology | |
| Sterling Infrastructure, Inc. | -0.46 | -0.34 | -0.32 | 84 | Industrials | |
| Lam Research Corporation | -0.46 | -0.38 | -0.39 | 96 | Technology | |
| KLA Corporation | -0.45 | -0.41 | -0.40 | 87 | Technology |
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