Looking to balance out your exposure to TLGPY? The ETFs below have historically moved differently from TLGPY, 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 TLGPY
1 ETFs have low correlation with TLGPY (below 0.3), 0 of which are negatively correlated. The least correlated is Amplify CWP Enhanced Dividend Income ETF (DIVO) (Derivative Income) with a 1Y correlation of 0.27, roughly unchanged from 0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify CWP Enhanced Dividend Income ETF | 0.27 | 0.33 | — | 81 | Derivative Income | TLGPY vs DIVO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TLGPY, 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 Flughafen Zürich AG (FLGZY) (Industrials) with a 1Y correlation of -0.06, roughly unchanged from 0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Flughafen Zürich AG | -0.06 | 0.00 | — | 58 | Industrials | |
| United Therapeutics Corporation | -0.01 | 0.07 | 0.06 | 95 | Healthcare | |
| American Healthcare REIT, Inc. | -0.00 | 0.11 | 0.11 | 89 | Real Estate | |
| JSC National Atomic Company Kazatomprom | 0.02 | 0.06 | — | 78 | Energy | |
| United Microelectronics Corporation | 0.03 | 0.18 | 0.22 | 96 | Technology |
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