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
174 ETFs have low correlation with TGT (below 0.3), 3 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | TGT vs USFR | |
| iShares 0-5 Year TIPS Bond ETF | -0.03 | 0.03 | 0.10 | 85 | Inflation-Protected Bonds | TGT vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.03 | 0.11 | 83 | Inflation-Protected Bonds | TGT vs VTIP | |
| iShares 0-3 Month Treasury Bond ETF | 0.00 | 0.03 | 0.02 | 100 | Ultrashort Bond | TGT vs SGOV | |
| Vanguard Short-Term Tax-Exempt Bond ETF | 0.02 | 0.11 | — | 71 | Municipal Bonds | TGT vs VTES |
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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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.04 | 0.02 | 0.17 | 65 | Technology | |
| NVIDIA Corporation | -0.03 | 0.03 | 0.21 | 72 | Technology | |
| Credo Technology Group Holding Ltd | -0.02 | 0.07 | 0.14 | 88 | Technology | |
| Baidu, Inc. | -0.01 | 0.08 | 0.19 | 61 | Communication Services | |
| AppLovin Corporation | -0.01 | 0.05 | 0.19 | 60 | Communication Services |
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Build a portfolio that complements TGT
Add TGT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TGT