Looking to balance out your exposure to TFX? The ETFs below have the lowest correlation with TFX — they tend to move on their own, which can help reduce risk when TFX drops. The stock ideas table highlights individual companies that behave independently from TFX.
Best Diversifiers for TFX
0 ETFs have low correlation with TFX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.31, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.31 | 0.36 | 0.46 | 70 | S&P 500 | TFX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TFX and solid risk/return profiles. The least correlated is Commercial Metals Company (CMC) (Basic Materials) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Commercial Metals Company | 0.30 | 0.30 | 0.30 | 79 | Basic Materials | |
| Truist Financial Corporation | 0.37 | 0.37 | 0.37 | 67 | Financial Services |
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