Looking to balance out your exposure to TPVG? The ETFs below have the lowest correlation with TPVG — they tend to move on their own, which can help reduce risk when TPVG drops. The stock ideas table highlights individual companies that behave independently from TPVG.
Best Diversifiers for TPVG
5 ETFs have low correlation with TPVG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.17, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.17 | 0.24 | 0.33 | 53 | Nasdaq-100 | TPVG vs QQQ | |
| Vanguard Dividend Appreciation ETF | 0.22 | 0.34 | 0.41 | 68 | Dividend | TPVG vs VIG | |
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.37 | 0.42 | 91 | Dividend | TPVG vs SCHD | |
| Vanguard S&P 500 ETF | 0.22 | 0.32 | 0.40 | 66 | S&P 500 | TPVG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.32 | 0.40 | 65 | S&P 500 | TPVG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TPVG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TPVG and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of -0.03, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | -0.03 | 0.19 | 0.28 | 70 | Financial Services | |
| Enbridge Inc. | 0.05 | 0.19 | 0.28 | 88 | Energy | |
| Tekla Healthcare Investors | 0.10 | 0.24 | 0.31 | 93 | Financial Services | |
| EPR Properties | 0.10 | 0.25 | 0.33 | 57 | Real Estate | |
| Realty Income Corporation | 0.12 | 0.22 | 0.28 | 78 | Real Estate |
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