Looking to balance out your exposure to TGOPY? The ETFs below have the lowest correlation with TGOPY — they tend to move on their own, which can help reduce risk when TGOPY drops. The stock ideas table highlights individual companies that behave independently from TGOPY.
Best Diversifiers for TGOPY
5 ETFs have low correlation with TGOPY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) 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 | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.12 | 0.12 | 93 | Inflation-Protected Bonds | TGOPY vs VTIP | |
| WisdomTree Floating Rate Treasury Fund | 0.07 | 0.01 | -0.04 | 100 | Government Bonds, Ultrashort Bond | TGOPY vs USFR | |
| Invesco Ultra Short Duration ETF | 0.16 | 0.14 | 0.09 | 100 | Ultrashort Bond | TGOPY vs GSY | |
| Schwab U.S. Dividend Equity ETF | 0.21 | 0.27 | 0.33 | 80 | Dividend | TGOPY vs SCHD | |
| VanEck Semiconductor ETF | 0.28 | 0.34 | 0.36 | 96 | Semiconductors, Technology Equities | TGOPY vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TGOPY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TGOPY and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.15, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.15 | 0.00 | 0.10 | 83 | Energy | |
| Coca-Cola Consolidated, Inc. | 0.06 | 0.08 | 0.14 | 80 | Consumer Defensive | |
| Oracle Corporation | 0.06 | 0.20 | 0.24 | 58 | Technology | |
| Walmart Inc. | 0.06 | 0.09 | 0.14 | 63 | Consumer Defensive | |
| Arrowhead Pharmaceuticals, Inc. | 0.06 | 0.14 | 0.19 | 98 | Healthcare |
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Build a portfolio that complements TGOPY
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