Looking to balance out your exposure to TSSI? The ETFs below have the lowest correlation with TSSI — they tend to move on their own, which can help reduce risk when TSSI drops. The stock ideas table highlights individual companies that behave independently from TSSI.
Best Diversifiers for TSSI
1 ETFs have low correlation with TSSI (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Ultra Short Bond ETF (PULS) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Bond ETF | 0.09 | 0.03 | 0.02 | 100 | Ultrashort Bond | TSSI vs PULS | |
| ProShares UltraPro QQQ | 0.39 | 0.25 | 0.15 | 71 | Leveraged Equities | TSSI vs TQQQ | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.25 | 0.16 | 70 | S&P 500 | TSSI vs SPY | |
| Vanguard Total Stock Market ETF | 0.43 | 0.26 | 0.17 | 68 | Large Cap Blend Equities | TSSI vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSSI and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | 0.02 | 0.02 | 0.02 | 80 | Consumer Defensive | |
| Welltower Inc. | 0.03 | 0.05 | 0.04 | 79 | Real Estate | |
| Kenon Holdings Ltd. | 0.05 | 0.08 | 0.06 | 95 | Utilities | |
| CSG Systems International, Inc. | 0.06 | 0.09 | 0.07 | 83 | Technology | |
| Cardinal Health, Inc. | 0.10 | 0.03 | 0.05 | 68 | Healthcare |
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