Looking to diversify beyond TSMY? The ETFs below have the lowest correlation with TSMY — 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 TSMY.
Best Diversifiers for TSMY
479 ETFs have low correlation with TSMY (below 0.3), 114 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TSMY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.31 | -0.31 | -0.31 | 57 | Cryptocurrency | TSMY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | TSMY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | TSMY vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | TSMY vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSMY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.33 | — | — | 86 | Financial Services | |
| The Coca-Cola Company | -0.23 | -0.20 | -0.20 | 83 | Consumer Defensive | |
| DaVita Inc. | -0.08 | — | — | 85 | Healthcare | |
| JPMorgan Chase & Co. | 0.17 | 0.22 | 0.22 | 69 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | — | — | 73 | Financial Services |
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