Looking to balance out your exposure to TROX? The ETFs below have the lowest correlation with TROX — they tend to move on their own, which can help reduce risk when TROX drops. The stock ideas table highlights individual companies that behave independently from TROX.
Best Diversifiers for TROX
0 ETFs have low correlation with TROX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.31, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.31 | 0.32 | 0.38 | 73 | Nasdaq-100 | TROX vs QQQ | |
| Vanguard S&P 500 ETF | 0.36 | 0.41 | 0.47 | 70 | S&P 500 | TROX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.41 | 0.47 | 70 | S&P 500 | TROX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TROX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TROX and solid risk/return profiles. The least correlated is Vale S.A. (VALE) (Basic Materials) with a 1Y correlation of 0.33, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vale S.A. | 0.33 | 0.37 | 0.36 | 90 | Basic Materials |
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