Looking to diversify beyond TSLS? The ETFs below have the lowest correlation with TSLS — 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 TSLS.
Best Diversifiers for TSLS
1567 ETFs have low correlation with TSLS (below 0.3), 1537 of which are negatively correlated. The least correlated is SoFi Social 50 ETF (SFYF) (Large Cap Growth Equities) with a 1Y correlation of -0.72, roughly unchanged from -0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SoFi Social 50 ETF | -0.72 | -0.74 | -0.74 | 57 | Large Cap Growth Equities | TSLS vs SFYF | |
| Wahed FTSE USA Shariah ETF | -0.62 | -0.62 | -0.60 | 84 | Large Cap Growth Equities | TSLS vs HLAL | |
| NEOS Nasdaq-100 High Income ETF | -0.60 | -0.60 | -0.60 | 66 | Nasdaq-100, Derivative Income | TSLS vs QQQI | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -0.60 | -0.58 | -0.58 | 81 | Nasdaq-100, Dividend | TSLS vs GPIQ | |
| ProShares Nasdaq-100 High Income ETF | -0.60 | — | — | 67 | Nasdaq-100, Derivative Income, Dividend | TSLS vs IQQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLS and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | -1.00 | -1.00 | — | 59 | Consumer Cyclical |
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