Looking to balance out your exposure to TRGP? The ETFs below have historically moved differently from TRGP, 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 TRGP
14 ETFs have low correlation with TRGP (below 0.3), 9 of which are negatively correlated. The least correlated is Direxion Daily GOOGL Bull 2X Shares (GGLL) (Leveraged Equities) with a 1Y correlation of -0.13, down from 0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily GOOGL Bull 2X Shares | -0.13 | 0.02 | — | 92 | Leveraged Equities | TRGP vs GGLL | |
| Invesco QQQ ETF | -0.08 | 0.13 | 0.25 | 55 | Nasdaq-100 | TRGP vs QQQ | |
| Vanguard S&P 500 ETF | -0.06 | 0.20 | 0.35 | 72 | S&P 500 | TRGP vs VOO | |
| State Street SPDR S&P 500 ETF | -0.05 | 0.20 | 0.35 | 72 | S&P 500 | TRGP vs SPY | |
| Direxion Daily MU Bull 2X Shares | -0.04 | 0.16 | 0.16 | 98 | Leveraged Equities, Semiconductors | TRGP vs MUU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRGP, 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 Expedia Group, Inc. (EXPE) (Consumer Cyclical) with a 1Y correlation of -0.21, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Expedia Group, Inc. | -0.21 | 0.09 | 0.22 | 79 | Consumer Cyclical | |
| Brinker International, Inc. | -0.14 | 0.12 | 0.22 | 65 | Consumer Cyclical | |
| Amazon.com, Inc | -0.14 | 0.05 | 0.14 | 70 | Consumer Cyclical | |
| Roku, Inc. | -0.14 | 0.10 | 0.16 | 85 | Communication Services | |
| United Airlines Holdings, Inc. | -0.14 | 0.06 | 0.20 | 75 | Industrials |
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