Looking to diversify beyond TBXU? The ETFs below have the lowest correlation with TBXU — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TBXU.
Best Diversifiers for TBXU
7 ETFs have low correlation with TBXU (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Technology Bull 3X Shares (TECL) (Leveraged Equities) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Technology Bull 3X Shares | 0.08 | 0.08 | 0.08 | 62 | Leveraged Equities, Technology Equities | TBXU vs TECL | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.13 | 0.13 | 0.13 | 95 | Leveraged Equities, Semiconductors | TBXU vs SOXL | |
| GraniteShares 2x Long MRVL Daily ETF | 0.15 | 0.15 | 0.15 | 90 | Leveraged Equities | TBXU vs MVLL | |
| Leverage Shares 2X Long ASML Daily ETF | 0.19 | 0.19 | 0.19 | 89 | Leveraged Equities | TBXU vs ASMG | |
| Innovator Growth Accelerated Plus ETF - July | 0.22 | 0.22 | 0.22 | 67 | Leveraged Equities | TBXU vs QTJL |
See all 8 diversifiers for TBXU
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