Looking to balance out your exposure to TGTX? The ETFs below have historically moved differently from TGTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TGTX
4 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 0.13, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.13 | 0.25 | 0.36 | 52 | Technology Equities | TGTX vs VGT | |
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.27 | 0.33 | 95 | Dividend | TGTX vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.30 | 0.39 | 67 | S&P 500 | TGTX vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.31 | 0.39 | 68 | S&P 500 | TGTX vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TGTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.05 | 0.11 | 66 | Consumer Defensive | |
| Philip Morris International Inc. | -0.02 | 0.08 | 0.10 | 66 | Consumer Defensive | |
| NVIDIA Corporation | 0.00 | 0.12 | 0.26 | 56 | Technology | |
| Ventas, Inc. | 0.02 | 0.09 | 0.21 | 91 | Real Estate | |
| The Coca-Cola Company | 0.04 | 0.02 | 0.09 | 90 | Consumer Defensive |
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