Looking to balance out your exposure to TBRG? The ETFs below have the lowest correlation with TBRG — they tend to move on their own, which can help reduce risk when TBRG drops. The stock ideas table highlights individual companies that behave independently from TBRG.
Best Diversifiers for TBRG
1 ETFs have low correlation with TBRG (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.05 | 0.03 | 100 | Ultrashort Bond | TBRG vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TBRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TBRG and solid risk/return profiles. The least correlated is Millicom International Cellular S.A. (TIGO) (Communication Services) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Millicom International Cellular S.A. | -0.03 | 0.07 | 0.16 | 98 | Communication Services | |
| Altria Group, Inc. | -0.02 | 0.09 | 0.16 | 80 | Consumer Defensive | |
| McKesson Corporation | -0.00 | 0.01 | 0.09 | 62 | Healthcare | |
| RTX Corporation | 0.01 | 0.09 | 0.20 | 77 | Industrials | |
| Teekay Tankers Ltd. | 0.08 | 0.05 | 0.10 | 86 | Energy |
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