Looking to balance out your exposure to TYGO? The ETFs below have the lowest correlation with TYGO — they tend to move on their own, which can help reduce risk when TYGO drops. The stock ideas table highlights individual companies that behave independently from TYGO.
Best Diversifiers for TYGO
4 ETFs have low correlation with TYGO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.23 | 0.22 | — | 96 | Asia Pacific Equities | TYGO vs EWY | |
| First Trust Indxx Innovative Transaction & Process... | 0.24 | 0.23 | — | 66 | Blockchain | TYGO vs LEGR | |
| WisdomTree International Al Enhanced Value Fund | 0.25 | 0.22 | — | 50 | Foreign Large Cap Equities | TYGO vs AIVI | |
| Vanguard International High Dividend Yield ETF | 0.26 | 0.24 | — | 70 | Dividend, Foreign Large Cap Equities | TYGO vs VYMI | |
| NEOS Russell 2000 High Income ETF | 0.34 | — | — | 78 | Derivative Income | TYGO vs IWMI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TYGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TYGO and solid risk/return profiles. The least correlated is Ascendis Pharma A/S (ASND) (Healthcare) with a 1Y correlation of -0.11, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ascendis Pharma A/S | -0.11 | -0.11 | -0.11 | 66 | Healthcare | |
| Celcuity Inc. | 0.06 | 0.08 | 0.06 | 99 | Healthcare | |
| Novartis AG | 0.08 | 0.05 | — | 78 | Healthcare | |
| Endesa SA ADR | 0.10 | 0.09 | — | 84 | Utilities | |
| Erasca, Inc. | 0.10 | 0.13 | — | 98 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TYGO
Add TYGO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TYGO