Looking to balance out your exposure to TLGPY? The ETFs below have the lowest correlation with TLGPY — they tend to move on their own, which can help reduce risk when TLGPY drops. The stock ideas table highlights individual companies that behave independently from TLGPY.
Best Diversifiers for TLGPY
2 ETFs have low correlation with TLGPY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.26, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.26 | 0.26 | 0.27 | 75 | Momentum, S&P 500 | TLGPY vs SPMO | |
| Amplify CWP Enhanced Dividend Income ETF | 0.29 | 0.33 | 0.34 | 61 | Derivative Income | TLGPY vs DIVO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TLGPY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TLGPY and solid risk/return profiles. The least correlated is Flughafen Zürich AG (FLGZY) (Industrials) with a 1Y correlation of -0.06, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Flughafen Zürich AG | -0.06 | 0.00 | — | 58 | Industrials | |
| Fortress Transportation and Preferred Series C | -0.05 | -0.00 | — | 83 | Industrials | |
| American Healthcare REIT, Inc. | -0.05 | 0.11 | 0.11 | 81 | Real Estate | |
| Ackermans & Van Haaren NV ADR | -0.00 | — | — | 94 | Industrials | |
| Curbline Properties Corp | 0.04 | 0.09 | 0.09 | 81 | Real Estate |
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