Looking to balance out your exposure to TGLS? The ETFs below have historically moved differently from TGLS, 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 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 0.23, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Developed Markets International Cash Cows 10... | 0.23 | 0.33 | 0.38 | 85 | Foreign Large Cap Equities | TGLS vs ICOW | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.41 | 0.43 | 78 | S&P 500 | TGLS vs SPY | |
| State Street SPDR EURO STOXX 50 ETF | 0.33 | 0.38 | 0.42 | 58 | Europe Equities | TGLS vs FEZ | |
| Vanguard S&P 500 ETF | 0.35 | 0.45 | 0.47 | 78 | S&P 500 | TGLS vs VOO | |
| Invesco RAFI US 1000 ETF | 0.43 | 0.50 | 0.51 | 95 | Large Cap Value Equities | TGLS vs PRF |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TGLS, 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 Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.01, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.01 | 0.06 | 0.11 | 87 | Consumer Cyclical | |
| Eli Lilly and Company | 0.01 | 0.09 | 0.11 | 79 | Healthcare | |
| Fortinet, Inc. | 0.04 | 0.15 | 0.25 | 82 | Technology | |
| Innodata Inc. | 0.05 | 0.24 | 0.28 | 63 | Technology | |
| Corcept Therapeutics Incorporated | 0.06 | 0.17 | 0.19 | 70 | Healthcare |
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