Looking to balance out your exposure to TJX? The ETFs below have the lowest correlation with TJX — they tend to move on their own, which can help reduce risk when TJX drops. The stock ideas table highlights individual companies that behave independently from TJX.
Best Diversifiers for TJX
244 ETFs have low correlation with TJX (below 0.3), 29 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.22, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.22 | -0.08 | 0.02 | 75 | Commodities | TJX vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.08 | 0.02 | 74 | Commodities | TJX vs PDBC | |
| ProShares Ultra Bloomberg Crude Oil | -0.20 | -0.11 | 0.01 | 54 | Leveraged Commodities | TJX vs UCO | |
| United States Oil Fund LP | -0.18 | -0.09 | 0.01 | 66 | Oil & Gas | TJX vs USO | |
| iShares Global Energy ETF | -0.11 | 0.06 | 0.17 | 76 | Energy Equities | TJX vs IXC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TJX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TJX and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.17, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.18 | -0.04 | 0.06 | 82 | Energy | |
| Shell plc | -0.17 | -0.01 | 0.10 | 80 | Energy | |
| Oracle Corporation | -0.15 | 0.14 | 0.25 | 58 | Technology | |
| CrowdStrike Holdings, Inc. | -0.15 | 0.12 | 0.21 | 70 | Technology | |
| Nebius Group N.V. | -0.15 | -0.05 | -0.05 | 97 | Communication Services |
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