Looking to balance out your exposure to TRNS? The ETFs below have the lowest correlation with TRNS — they tend to move on their own, which can help reduce risk when TRNS drops. The stock ideas table highlights individual companies that behave independently from TRNS.
No Diversifiers Found for TRNS
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRNS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRNS and solid risk/return profiles. The least correlated is BWX Technologies, Inc. (BWXT) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BWX Technologies, Inc. | 0.15 | 0.18 | 0.21 | 73 | Industrials | |
| The Ensign Group, Inc. | 0.19 | 0.19 | 0.26 | 51 | Healthcare | |
| XPEL, Inc. | 0.24 | 0.25 | 0.28 | 60 | Consumer Cyclical | |
| Graham Corporation | 0.29 | 0.30 | 0.23 | 94 | Industrials | |
| Applied Industrial Technologies, Inc. | 0.39 | 0.40 | 0.43 | 79 | Industrials |
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