Looking to diversify beyond TEXN? The ETFs below have the lowest correlation with TEXN — 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 TEXN.
Best Diversifiers for TEXN
201 ETFs have low correlation with TEXN (below 0.3), 14 of which are negatively correlated. The least correlated is Franklin Short Duration U.S. Government ETF (FTSD) (Mortgage Backed Securities) 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 | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.11 | -0.11 | -0.11 | 94 | Mortgage Backed Securities | TEXN vs FTSD | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.09 | -0.09 | -0.09 | 64 | Municipal Bonds | TEXN vs BSMW | |
| SPDR Bloomberg 3-12 Month T-Bill ETF | -0.05 | -0.05 | -0.05 | 100 | Ultrashort Bond | TEXN vs BILS | |
| Brookstone Ultra-Short Bond ETF | -0.04 | -0.04 | -0.04 | 98 | Ultrashort Bond | TEXN vs BAMU | |
| TCW AAA CLO ETF | -0.03 | -0.03 | -0.03 | 99 | CLO | TEXN vs ACLO |
See all 1118 diversifiers for TEXN
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