Looking to balance out your exposure to TGTX? The ETFs below have the lowest correlation with TGTX — they tend to move on their own, which can help reduce risk when TGTX drops. The stock ideas table highlights individual companies that behave independently from TGTX.
Best Diversifiers for TGTX
6 ETFs have low correlation with TGTX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.17, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.17 | 0.25 | 0.37 | 76 | Technology Equities | TGTX vs VGT | |
| Invesco NASDAQ 100 ETF | 0.20 | 0.25 | 0.38 | 75 | Nasdaq-100 | TGTX vs QQQM | |
| Invesco QQQ ETF | 0.21 | 0.25 | 0.38 | 74 | Nasdaq-100 | TGTX vs QQQ | |
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.28 | 0.33 | 85 | Dividend | TGTX vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.30 | 0.40 | 74 | S&P 500 | TGTX vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TGTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TGTX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.05 | 0.12 | 73 | Consumer Defensive | |
| Reddit, Inc. | 0.01 | 0.13 | 0.13 | 64 | Communication Services | |
| Ventas, Inc. | 0.02 | 0.07 | 0.21 | 81 | Real Estate | |
| Amphenol Corporation | 0.05 | 0.20 | 0.29 | 77 | Technology | |
| GE Vernova Inc. | 0.05 | 0.15 | 0.15 | 88 | Utilities |
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