Looking to balance out your exposure to TIGO? The ETFs below have the lowest correlation with TIGO — they tend to move on their own, which can help reduce risk when TIGO drops. The stock ideas table highlights individual companies that behave independently from TIGO.
Best Diversifiers for TIGO
10 ETFs have low correlation with TIGO (below 0.3), 3 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.
| 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 | -0.03 | 0.07 | 0.21 | 57 | Technology Equities | TIGO vs VGT | |
| Invesco NASDAQ 100 ETF | -0.01 | 0.09 | 0.22 | 59 | Nasdaq-100 | TIGO vs QQQM | |
| VanEck Semiconductor ETF | 0.02 | 0.09 | 0.21 | 92 | Semiconductors, Technology Equities | TIGO vs SMH | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.14 | 0.28 | 66 | S&P 500 | TIGO vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TIGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TIGO and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.17, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.17 | -0.03 | 0.10 | 77 | Technology | |
| Shopify Inc. | -0.11 | 0.03 | 0.17 | 52 | Technology | |
| Palo Alto Networks, Inc. | -0.11 | 0.01 | 0.10 | 84 | Technology | |
| AppLovin Corporation | -0.08 | 0.02 | 0.13 | 60 | Communication Services | |
| Snowflake Inc. | -0.06 | 0.03 | 0.14 | 60 | Technology |
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