Looking to balance out your exposure to TGT? The ETFs below have the lowest correlation with TGT — they tend to move on their own, which can help reduce risk when TGT drops. The stock ideas table highlights individual companies that behave independently from TGT.
Best Diversifiers for TGT
199 ETFs have low correlation with TGT (below 0.3), 10 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.12, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.12 | 0.04 | 0.08 | 54 | Leveraged Commodities | TGT vs UCO | |
| United States Oil Fund LP | -0.11 | 0.02 | 0.08 | 66 | Oil & Gas | TGT vs USO | |
| iShares 0-5 Year TIPS Bond ETF | -0.07 | 0.00 | 0.08 | 93 | Inflation-Protected Bonds | TGT vs STIP | |
| Invesco DB Commodity Index Tracking Fund | -0.07 | 0.06 | 0.11 | 75 | Commodities | TGT vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | TGT vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TGT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TGT and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.06 | 0.06 | 0.20 | 58 | Technology | |
| Credo Technology Group Holding Ltd | -0.03 | 0.07 | 0.14 | 85 | Technology | |
| CrowdStrike Holdings, Inc. | -0.03 | 0.03 | 0.17 | 70 | Technology | |
| Sprott Physical Gold Trust | -0.03 | 0.05 | 0.05 | 70 | Financial Services | |
| Agnico Eagle Mines Limited | -0.03 | 0.08 | 0.10 | 66 | Basic Materials |
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Build a portfolio that complements TGT
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