Looking to diversify beyond TEXX? The ETFs below have the lowest correlation with TEXX — 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 TEXX.
Best Diversifiers for TEXX
0 ETFs have low correlation with TEXX (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Oil & Gas Equipment & Services ETF (XES) (Energy Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.63 | 0.63 | 0.63 | 88 | Energy Equities | TEXX vs XES | |
| Fidelity MSCI Energy Index ETF | 0.76 | 0.76 | 0.76 | 67 | Energy Equities | TEXX vs FENY |
Diversification Analysis
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