Looking to balance out your exposure to TIGO? The ETFs below have historically moved differently from TIGO, 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 TIGO
9 ETFs have low correlation with TIGO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.03 | -0.03 | 100 | Ultrashort Bond | TIGO vs SGOV | |
| Vanguard Information Technology ETF | 0.02 | 0.08 | 0.22 | 52 | Technology Equities | TIGO vs VGT | |
| iShares Prime Money Market ETF | 0.05 | — | — | 100 | Money Market | TIGO vs PMMF | |
| State Street SPDR S&P 500 ETF | 0.06 | 0.13 | 0.28 | 67 | S&P 500 | TIGO vs SPY | |
| Vanguard S&P 500 ETF | 0.07 | 0.13 | 0.28 | 68 | S&P 500 | TIGO vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TIGO, 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 CrowdStrike Holdings, Inc. (CRWD) (Technology) 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 |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.12 | -0.02 | 0.11 | 80 | Technology | |
| VeriSign, Inc. | -0.07 | 0.06 | 0.15 | 53 | Technology | |
| Snowflake Inc. | -0.07 | 0.02 | 0.14 | 62 | Technology | |
| Palo Alto Networks, Inc. | -0.06 | 0.02 | 0.11 | 88 | Technology | |
| IDT Corporation | -0.03 | 0.11 | 0.17 | 54 | Communication Services |
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