Looking to balance out your exposure to TGOPY? The ETFs below have historically moved differently from TGOPY, 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 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 0.04, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.11 | 0.13 | 92 | Inflation-Protected Bonds | TGOPY vs VTIP | |
| WisdomTree Floating Rate Treasury Fund | 0.05 | 0.01 | -0.03 | 100 | Government Bonds, Ultrashort Bond | TGOPY vs USFR | |
| Invesco Ultra Short Duration ETF | 0.17 | 0.15 | 0.11 | 99 | Ultrashort Bond | TGOPY vs GSY | |
| VanEck Semiconductor ETF | 0.23 | 0.30 | 0.35 | 87 | Semiconductors, Technology Equities | TGOPY vs SMH | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.28 | 0.35 | 95 | Dividend | TGOPY vs SCHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TGOPY, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.14, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.14 | -0.01 | 0.09 | 80 | Energy | |
| COSCO SHIPPING Holdings Co., Ltd. | 0.02 | 0.01 | 0.05 | 62 | Industrials | |
| Arrowhead Pharmaceuticals, Inc. | 0.03 | 0.14 | 0.20 | 99 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.05 | 0.09 | 0.15 | 87 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.06 | 0.16 | 0.26 | 61 | Financial Services |
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