Looking to balance out your exposure to TECX? The ETFs below have the lowest correlation with TECX — they tend to move on their own, which can help reduce risk when TECX drops. The stock ideas table highlights individual companies that behave independently from TECX.
Best Diversifiers for TECX
2 ETFs have low correlation with TECX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.27, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.27 | 0.23 | 0.29 | 62 | Nasdaq-100 | TECX vs QQQM | |
| SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.28 | 0.25 | 0.29 | 72 | S&P 500 | TECX vs SPUS |
Diversification Analysis
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