Looking to diversify beyond TEXU? The ETFs below have the lowest correlation with TEXU — 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 TEXU.
Best Diversifiers for TEXU
8 ETFs have low correlation with TEXU (below 0.3), 8 of which are negatively correlated. The least correlated is Direxion Daily S&P Biotech Bull 3x Shares (LABU) (Leveraged Equities) with a 1Y correlation of -0.21, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P Biotech Bull 3x Shares | -0.21 | -0.21 | -0.21 | 94 | Leveraged Equities | TEXU vs LABU | |
| Innovator U.S. Equity Accelerated Plus ETF | -0.18 | -0.18 | -0.18 | 98 | Leveraged Equities | TEXU vs XTAP | |
| Direxion Daily S&P 500 Bull 2X ETF | -0.16 | -0.16 | -0.16 | 51 | Leveraged Equities, S&P 500 | TEXU vs SPUU | |
| Leverage Shares 2X Long TSM Daily ETF | -0.15 | — | — | 67 | Leveraged Equities | TEXU vs TSMG | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -0.10 | -0.10 | -0.10 | 77 | Leveraged Equities | TEXU vs XTJL |
See all 8 diversifiers for TEXU
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