Looking to balance out your exposure to ETX? The ETFs below have the lowest correlation with ETX — they tend to move on their own, which can help reduce risk when ETX drops. The stock ideas table highlights individual companies that behave independently from ETX.
Best Diversifiers for ETX
1 ETFs have low correlation with ETX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of 0.09, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.09 | 0.28 | 0.25 | 72 | Municipal Bonds | ETX vs VTEB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETX and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.06 | 0.06 | 63 | Consumer Defensive | |
| Fifth Third Bancorp | 0.05 | 0.08 | 0.14 | 91 | Financial Services | |
| Franco-Nevada Corporation | 0.08 | 0.14 | 0.16 | 65 | Basic Materials | |
| Elbit Systems Ltd | 0.09 | 0.08 | 0.08 | 88 | Industrials | |
| Casey's General Stores, Inc. | 0.15 | 0.12 | 0.11 | 94 | Consumer Defensive |
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