Looking to balance out your exposure to TRN? The ETFs below have the lowest correlation with TRN — they tend to move on their own, which can help reduce risk when TRN drops. The stock ideas table highlights individual companies that behave independently from TRN.
Best Diversifiers for TRN
0 ETFs have low correlation with TRN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.39, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.39 | 0.43 | 0.50 | 70 | S&P 500 | TRN vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.43 | 0.52 | 0.59 | 80 | Dividend | TRN vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRN and solid risk/return profiles. The least correlated is New Jersey Resources Corporation (NJR) (Utilities) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| New Jersey Resources Corporation | 0.21 | 0.32 | 0.38 | 75 | Utilities | |
| MDU Resources Group, Inc. | 0.21 | 0.41 | 0.48 | 73 | Basic Materials | |
| Southwest Airlines Co. | 0.33 | 0.33 | 0.44 | 58 | Industrials | |
| Sterling Construction Company, Inc. | 0.38 | 0.36 | 0.44 | 97 | Industrials | |
| CSX Corporation | 0.38 | 0.40 | 0.47 | 88 | Industrials |
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