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
14 ETFs have low correlation with TRGP (below 0.3), 10 of which are negatively correlated. The least correlated is Direxion Daily GOOGL Bull 2X Shares (GGLL) (Leveraged Equities) with a 1Y correlation of -0.11, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily GOOGL Bull 2X Shares | -0.11 | 0.04 | — | 95 | Leveraged Equities | TRGP vs GGLL | |
| Invesco QQQ ETF | -0.09 | 0.13 | 0.25 | 59 | Nasdaq-100 | TRGP vs QQQ | |
| Vanguard S&P 500 ETF | -0.04 | 0.21 | 0.36 | 70 | S&P 500 | TRGP vs VOO | |
| State Street SPDR S&P 500 ETF | -0.04 | 0.21 | 0.36 | 70 | S&P 500 | TRGP vs SPY | |
| Direxion Daily MU Bull 2X Shares | -0.04 | — | — | 98 | Leveraged Equities, Semiconductors | TRGP vs MUU |
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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 -0.17, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Expedia Group, Inc. | -0.17 | 0.11 | 0.24 | 74 | Consumer Cyclical | |
| Brinker International, Inc. | -0.15 | 0.13 | 0.23 | 51 | Consumer Cyclical | |
| Amazon.com, Inc | -0.14 | 0.07 | 0.17 | 57 | Consumer Cyclical | |
| Block, Inc | -0.12 | 0.14 | 0.24 | 61 | Technology | |
| Roku, Inc. | -0.11 | 0.10 | 0.16 | 80 | Communication Services |
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Build a portfolio that complements TRGP
Add TRGP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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