Looking to balance out your exposure to TGB? The ETFs below have the lowest correlation with TGB — they tend to move on their own, which can help reduce risk when TGB drops. The stock ideas table highlights individual companies that behave independently from TGB.
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 Vectors Investment Grade Floating Rate ETF (FLTR) (Corporate Bonds) with a 1Y correlation of 0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Investment Grade Floating Rate ETF | 0.01 | 0.04 | 0.12 | 99 | Corporate Bonds | TGB vs FLTR | |
| Pacific Global Senior Loan ETF | 0.07 | 0.09 | 0.14 | 85 | High Yield Bonds | TGB vs FLRT | |
| Janus Henderson AAA CLO ETF | 0.08 | 0.09 | 0.08 | 98 | CLO | TGB vs JAAA | |
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.27 | 0.36 | 80 | Dividend | TGB vs SCHD | |
| PIMCO ETF Trust - PIMCO Multisector Bond Active Ex... | 0.19 | 0.18 | 0.18 | 66 | Multisector Bonds | TGB vs PYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TGB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TGB and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.00 | 0.09 | 69 | Consumer Defensive | |
| Dow Inc. | 0.08 | 0.27 | 0.36 | 60 | Basic Materials | |
| Kosmos Energy Ltd. | 0.09 | 0.21 | 0.31 | 63 | Energy | |
| Lantheus Holdings, Inc. | 0.12 | 0.14 | 0.19 | 57 | Healthcare | |
| Pfizer Inc. | 0.16 | 0.14 | 0.12 | 61 | Healthcare |
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Build a portfolio that complements TGB
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