Looking to balance out your exposure to TGS? The ETFs below have the lowest correlation with TGS — they tend to move on their own, which can help reduce risk when TGS drops. The stock ideas table highlights individual companies that behave independently from TGS.
Best Diversifiers for TGS
1 ETFs have low correlation with TGS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.18, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.18 | 0.25 | 0.25 | 70 | S&P 500 | TGS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TGS and solid risk/return profiles. The least correlated is Installed Building Products, Inc. (IBP) (Industrials) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Installed Building Products, Inc. | -0.04 | 0.13 | 0.15 | 55 | Industrials | |
| Elbit Systems Ltd | -0.02 | 0.04 | 0.08 | 88 | Industrials | |
| LeMaitre Vascular, Inc. | -0.01 | 0.05 | 0.10 | 51 | Healthcare | |
| FIGS, Inc. | 0.05 | 0.07 | 0.09 | 91 | Consumer Cyclical | |
| XPO Logistics, Inc. | 0.07 | 0.14 | 0.15 | 88 | Industrials |
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