Looking to balance out your exposure to TGLS? The ETFs below have the lowest correlation with TGLS — they tend to move on their own, which can help reduce risk when TGLS drops. The stock ideas table highlights individual companies that behave independently from TGLS.
Best Diversifiers for TGLS
1 ETFs have low correlation with TGLS (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer Developed Markets International Cash Cows 100 ETF (ICOW) (Foreign Large Cap Equities) with a 1Y correlation of 0.28, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Developed Markets International Cash Cows 10... | 0.28 | 0.35 | 0.39 | 84 | Foreign Large Cap Equities | TGLS vs ICOW | |
| Vanguard S&P 500 ETF | 0.39 | 0.46 | 0.47 | 70 | S&P 500 | TGLS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.46 | 0.48 | 70 | S&P 500 | TGLS vs SPY | |
| Invesco RAFI US 1000 ETF | 0.46 | 0.51 | 0.52 | 89 | Large Cap Value Equities | TGLS vs PRF |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TGLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TGLS and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of 0.05, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | 0.05 | 0.08 | 0.12 | 62 | Consumer Cyclical | |
| Eli Lilly and Company | 0.06 | 0.11 | 0.13 | 72 | Healthcare | |
| Innodata Inc. | 0.08 | 0.26 | 0.29 | 78 | Technology | |
| Coca-Cola Consolidated, Inc. | 0.09 | 0.12 | 0.19 | 80 | Consumer Defensive | |
| Fortinet, Inc. | 0.09 | 0.17 | 0.25 | 66 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TGLS
Add TGLS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TGLS