Looking to diversify beyond TSMY? The ETFs below have historically moved differently from TSMY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TSMY
564 ETFs have low correlation with TSMY (below 0.3), 153 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.36 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | TSMY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.35 | — | — | 61 | Cryptocurrency | TSMY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | TSMY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 75 | Derivative Income | TSMY vs WNTR | |
| iShares U.S. Insurance ETF | -0.28 | -0.15 | -0.15 | 53 | Financials Equities | TSMY vs IAK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSMY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.32 | — | — | 89 | Financial Services | |
| The Coca-Cola Company | -0.25 | — | — | 90 | Consumer Defensive | |
| DaVita Inc. | -0.11 | — | — | 89 | Healthcare | |
| JPMorgan Chase & Co. | 0.17 | — | — | 71 | Financial Services | |
| Apple Inc | 0.20 | — | — | 89 | Technology |
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