Looking to balance out your exposure to TNXP? The ETFs below have historically moved differently from TNXP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TNXP
0 ETFs have low correlation with TNXP (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 0.38, up from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.23 | 0.27 | 67 | S&P 500 | TNXP vs SPY | |
| Vanguard S&P 500 ETF | 0.39 | 0.23 | 0.27 | 68 | S&P 500 | TNXP vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TNXP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.02, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.01 | 0.03 | 62 | Consumer Defensive | |
| Amphenol Corporation | 0.18 | 0.13 | 0.19 | 77 | Technology | |
| Micron Technology, Inc. | 0.24 | 0.14 | 0.19 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.25 | 0.18 | 0.22 | 87 | Technology | |
| Nebius Group N.V. | 0.29 | 0.25 | 0.25 | 92 | Communication Services |
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