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
3 ETFs have low correlation with TGS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) (Emerging Markets Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.12 | 0.23 | 0.20 | 66 | Emerging Markets Bonds | TGS vs EMB | |
| Invesco QQQ ETF | 0.19 | 0.26 | 0.21 | 53 | Nasdaq-100 | TGS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.27 | 0.26 | 65 | 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 Federal Agricultural Mortgage Corporation (AGM) (Financial Services) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Federal Agricultural Mortgage Corporation | -0.06 | 0.09 | 0.15 | 61 | Financial Services | |
| LeMaitre Vascular, Inc. | -0.05 | 0.04 | 0.10 | 67 | Healthcare | |
| Eli Lilly and Company | -0.05 | 0.07 | 0.07 | 79 | Healthcare | |
| Installed Building Products, Inc. | -0.03 | 0.12 | 0.15 | 60 | Industrials | |
| FIGS, Inc. | -0.02 | 0.05 | 0.09 | 78 | Consumer Cyclical |
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