Looking to balance out your exposure to TRGP? The ETFs below have the lowest correlation with TRGP — they tend to move on their own, which can help reduce risk when TRGP drops. The stock ideas table highlights individual companies that behave independently from TRGP.
Best Diversifiers for TRGP
10 ETFs have low correlation with TRGP (below 0.3), 5 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.07, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.07 | 0.14 | 0.25 | 59 | Nasdaq-100 | TRGP vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.22 | 0.37 | 60 | S&P 500 | TRGP vs SPY | |
| Vanguard S&P 500 ETF | -0.02 | 0.22 | 0.37 | 60 | S&P 500 | TRGP vs VOO | |
| Invesco S&P 500 Momentum ETF | -0.01 | 0.25 | 0.41 | 70 | Momentum, S&P 500 | TRGP vs SPMO | |
| Columbia EM Core ex-China ETF | -0.01 | 0.18 | 0.32 | 83 | Emerging Markets Equities | TRGP vs XCEM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRGP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRGP and solid risk/return profiles. The least correlated is Expedia Group, Inc. (EXPE) (Consumer Cyclical) with a 1Y correlation of -0.15, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Expedia Group, Inc. | -0.15 | 0.13 | 0.25 | 74 | Consumer Cyclical | |
| Amazon.com, Inc | -0.11 | 0.07 | 0.16 | 52 | Consumer Cyclical | |
| AerCap Holdings N.V. | -0.10 | 0.14 | 0.34 | 74 | Industrials | |
| Kenon Holdings Ltd. | -0.10 | 0.03 | 0.17 | 85 | Utilities | |
| Block, Inc | -0.10 | 0.16 | 0.24 | 53 | Technology |
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Build a portfolio that complements TRGP
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