Looking to diversify beyond TSYX? The ETFs below have the lowest correlation with TSYX — 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 TSYX.
Best Diversifiers for TSYX
125 ETFs have low correlation with TSYX (below 0.3), 35 of which are negatively correlated. The least correlated is Direxion Daily Energy Bull 2X Shares (ERX) (Leveraged Equities) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Energy Bull 2X Shares | -0.30 | -0.30 | -0.30 | 54 | Leveraged Equities | TSYX vs ERX | |
| ProShares Ultra Oil & Gas | -0.28 | -0.28 | -0.28 | 53 | Leveraged Equities | TSYX vs DIG | |
| Tortoise North American Pipeline Fund | -0.28 | -0.28 | -0.28 | 80 | Energy Equities | TSYX vs TPYP | |
| Vanguard Energy ETF | -0.27 | -0.27 | -0.27 | 60 | Energy Equities | TSYX vs VDE | |
| iShares U.S. Energy ETF | -0.27 | -0.27 | -0.27 | 60 | Energy Equities | TSYX vs IYE |
See all 1407 diversifiers for TSYX
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