Tilde ~1.2.3 will update to the latest Patch version, so anything less than 1.3.0
Carat ^1.2.3 will update to the latest Minor and Patch versions, so anything less than 2.0.0
Semantic Versioning, Tilde and Carat, Composer and NPM
Tilde ~1.2.3 will update to the latest Patch version, so anything less than 1.3.0
Carat ^1.2.3 will update to the latest Minor and Patch versions, so anything less than 2.0.0