Looking to diversify beyond TSLY? The ETFs below have the lowest correlation with TSLY — 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 TSLY.
Best Diversifiers for TSLY
498 ETFs have low correlation with TSLY (below 0.3), 62 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 61 | Inverse Equities, Leveraged Equities | TSLY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 69 | Derivative Income | TSLY vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.19 | -0.06 | — | 53 | Options Trading | TSLY vs CAOS | |
| Texas Capital Government Money Market ETF | -0.16 | — | — | 100 | Money Market | TSLY vs MMKT | |
| Invesco DB Energy Fund | -0.14 | -0.01 | — | 58 | Oil & Gas | TSLY vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.10 | -0.08 | 81 | Consumer Defensive | |
| Chubb Limited | -0.24 | -0.06 | -0.03 | 81 | Financial Services | |
| Altria Group, Inc. | -0.23 | -0.07 | -0.06 | 77 | Consumer Defensive | |
| Waste Management, Inc. | -0.23 | -0.05 | -0.02 | 51 | Industrials | |
| Duke Energy Corporation | -0.21 | -0.13 | -0.11 | 63 | Utilities |
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