Looking to diversify beyond TSLS? The ETFs below have historically moved differently from TSLS, 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 TSLS
1720 ETFs have low correlation with TSLS (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 -0.68, 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 | -0.68 | -0.59 | — | 66 | Nasdaq-100, Derivative Income | TSLS vs QYLG | |
| Wahed FTSE USA Shariah ETF | -0.68 | -0.62 | — | 79 | Large Cap Growth Equities | TSLS vs HLAL | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -0.67 | — | — | 60 | Nasdaq-100, Dividend | TSLS vs GPIQ | |
| Invesco QQQ Income Advantage ETF | -0.66 | — | — | 56 | Derivative Income | TSLS vs QQA | |
| Invesco ESG NASDAQ 100 ETF | -0.66 | -0.59 | — | 51 | Nasdaq-100 | TSLS vs QQMG |
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