Looking to diversify beyond TYLD? The ETFs below have the lowest correlation with TYLD — 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 TYLD.
Best Diversifiers for TYLD
1147 ETFs have low correlation with TYLD (below 0.3), 702 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Barclays ETN+ Select MLP ETN | -0.17 | — | — | 61 | MLPs | TYLD vs ATMP | |
| Alerian MLP ETF | -0.16 | — | — | 54 | MLPs | TYLD vs AMLP | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | -0.16 | — | — | 89 | High Yield Bonds | TYLD vs HYZD | |
| FT Energy Income Partners Enhanced Income ETF | -0.15 | — | — | 88 | Derivative Income | TYLD vs EIPI | |
| iShares BBB-B CLO Active ETF | -0.15 | — | — | 89 | CLO | TYLD vs BCLO |
See all 1147 diversifiers for TYLD
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Diversification Analysis
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