Looking to balance out your exposure to TRUX? The ETFs below have the lowest correlation with TRUX — they tend to move on their own, which can help reduce risk when TRUX drops. The stock ideas table highlights individual companies that behave independently from TRUX.
Best Diversifiers for TRUX
1 ETFs have low correlation with TRUX (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 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.06 | 0.05 | 0.06 | 70 | S&P 500 | TRUX vs SPY |
Diversification Analysis
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