Looking to balance out your exposure to TRX? The ETFs below have the lowest correlation with TRX — they tend to move on their own, which can help reduce risk when TRX drops. The stock ideas table highlights individual companies that behave independently from TRX.
Best Diversifiers for TRX
1 ETFs have low correlation with TRX (below 0.3), 0 of which are negatively correlated. The least correlated is Avantis US Small Cap Value ETF (AVUV) (Small Cap Value Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis US Small Cap Value ETF | 0.26 | 0.15 | 0.17 | 86 | Small Cap Value Equities | TRX vs AVUV | |
| Vanguard S&P 500 ETF | 0.38 | 0.20 | 0.18 | 66 | S&P 500 | TRX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRX and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.24, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.24 | -0.05 | 0.06 | 77 | Energy | |
| SM Energy Company | -0.18 | -0.02 | 0.07 | 58 | Energy | |
| Ameren Corporation | -0.01 | 0.05 | 0.07 | 78 | Utilities | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.05 | 0.10 | 80 | Energy | |
| Pfizer Inc. | 0.10 | 0.04 | 0.05 | 56 | Healthcare |
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