Looking to diversify beyond TSLR? The ETFs below have the lowest correlation with TSLR — 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 TSLR.
Best Diversifiers for TSLR
470 ETFs have low correlation with TSLR (below 0.3), 64 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 -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | -0.36 | 57 | Cryptocurrency | TSLR vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | TSLR vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TSLR vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | TSLR vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.22 | — | — | 51 | Currency | TSLR vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLR and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.25 | — | — | 65 | Technology | |
| POET Technologies Inc | 0.25 | — | — | 56 | Technology | |
| Rocket Lab USA, Inc. | 0.32 | — | — | 77 | Industrials | |
| Intuitive Machines, Inc. | 0.32 | — | — | 62 | Industrials | |
| AppLovin Corporation | 0.34 | — | — | 60 | Communication Services |
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