Looking to balance out your exposure to TGB? The ETFs below have historically moved differently from TGB, 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 TGB
6 ETFs have low correlation with TGB (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck IG Floating Rate ETF (FLTR) (Corporate Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck IG Floating Rate ETF | 0.05 | 0.03 | 0.12 | 99 | Corporate Bonds, Ultrashort Bond | TGB vs FLTR | |
| Schwab U.S. Dividend Equity ETF | 0.07 | 0.23 | 0.33 | 95 | Dividend | TGB vs SCHD | |
| Janus Henderson AAA CLO ETF | 0.08 | 0.11 | 0.08 | 99 | CLO | TGB vs JAAA | |
| Pacer Aristotle Pacific Floating Rate High Income ... | 0.10 | 0.11 | 0.14 | 89 | Bank Loan | TGB vs FLRT | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | 0.29 | 0.20 | — | 60 | Multisector Bonds | TGB vs PYLD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TGB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.07 | 0.05 | 64 | Consumer Defensive | |
| PG&E Corporation | -0.03 | 0.11 | 0.18 | 62 | Utilities | |
| LyondellBasell Industries N.V. | 0.03 | 0.22 | 0.33 | 62 | Basic Materials | |
| CVB Financial Corp. | 0.04 | 0.15 | 0.17 | 76 | Financial Services | |
| Dow Inc. | 0.04 | 0.24 | 0.34 | 73 | Basic Materials |
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