Looking to diversify beyond TSLZ? The ETFs below have the lowest correlation with TSLZ — 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 TSLZ.
Best Diversifiers for TSLZ
1560 ETFs have low correlation with TSLZ (below 0.3), 1496 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Nasdaq 100 Covered Call & Growth ETF | -0.64 | — | — | 69 | Nasdaq-100, Derivative Income | TSLZ vs QYLG | |
| Wahed FTSE USA Shariah ETF | -0.64 | — | — | 82 | Large Cap Growth Equities | TSLZ vs HLAL | |
| Invesco NASDAQ 100 ETF | -0.64 | — | — | 54 | Nasdaq-100 | TSLZ vs QQQM | |
| Invesco QQQ ETF | -0.63 | -0.59 | -0.59 | 53 | Nasdaq-100 | TSLZ vs QQQ | |
| Fidelity Nasdaq Composite Index ETF | -0.63 | — | — | 51 | Large Cap Growth Equities | TSLZ vs ONEQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSLZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSLZ and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | -1.00 | — | — | 59 | Consumer Cyclical |
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