Looking to balance out your exposure to TSLX? The ETFs below have the lowest correlation with TSLX — they tend to move on their own, which can help reduce risk when TSLX drops. The stock ideas table highlights individual companies that behave independently from TSLX.
Best Diversifiers for TSLX
20 ETFs have low correlation with TSLX (below 0.3), 2 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.11 | 0.00 | -0.03 | 100 | Government Bonds, Ultrashort Bond | TSLX vs USFR | |
| iShares Treasury Floating Rate Bond ETF | -0.01 | 0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | TSLX vs TFLO | |
| Keating Active ETF | 0.05 | — | — | 73 | Global Allocation | TSLX vs KEAT | |
| Schwab International Dividend Equity ETF | 0.15 | 0.26 | 0.37 | 51 | Dividend, Foreign Large Cap Equities | TSLX vs SCHY | |
| Franklin International Low Volatility High Dividen... | 0.17 | 0.32 | 0.41 | 89 | Volatility Hedged Equity, Dividend | TSLX vs LVHI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLX and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.16, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.16 | 0.00 | 0.07 | 72 | Healthcare | |
| Eagle Point Credit Company Inc. | -0.05 | -0.00 | — | 81 | Financial Services | |
| AstraZeneca PLC | -0.04 | 0.09 | 0.16 | 70 | Healthcare | |
| Atmos Energy Corporation | -0.04 | 0.14 | 0.24 | 60 | Utilities | |
| Altria Group, Inc. | -0.02 | 0.09 | 0.18 | 69 | Consumer Defensive |
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