Looking to balance out your exposure to TGI? The ETFs below have the lowest correlation with TGI — they tend to move on their own, which can help reduce risk when TGI drops. The stock ideas table highlights individual companies that behave independently from TGI.
Best Diversifiers for TGI
2 ETFs have low correlation with TGI (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.03, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.03 | 0.26 | 0.38 | 74 | Nasdaq-100 | TGI vs QQQM | |
| Invesco S&P MidCap Momentum ETF | 0.01 | 0.39 | 0.51 | 67 | Momentum, Mid Cap Growth Equities | TGI vs XMMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TGI and solid risk/return profiles. The least correlated is Barrick Mining Corporation (B) (Basic Materials) with a 1Y correlation of -0.12, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Barrick Mining Corporation | -0.12 | 0.13 | 0.17 | 88 | Basic Materials | |
| Textron Inc. | -0.02 | 0.27 | 0.47 | 65 | Industrials | |
| General Dynamics Corporation | -0.00 | 0.19 | 0.33 | 73 | ||
| Planet Labs PBC | 0.04 | 0.26 | 0.28 | 99 | Industrials | |
| Astronics Corporation | 0.06 | 0.33 | 0.45 | 93 | Industrials |
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