Looking to diversify beyond TSLW? The ETFs below have the lowest correlation with TSLW — 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 TSLW.
Best Diversifiers for TSLW
471 ETFs have low correlation with TSLW (below 0.3), 62 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 -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.44 | -0.44 | 57 | Cryptocurrency | TSLW vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 68 | Inverse Equities, Leveraged Equities | TSLW vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TSLW vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | TSLW vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.22 | -0.17 | -0.17 | 51 | Currency | TSLW vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLW and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 1.00 | — | — | 63 | Consumer Cyclical |
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