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
0 ETFs have low correlation with TRX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.62, up from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.62 | 0.53 | 0.50 | 55 | Silver, Precious Metals | TRX vs SLVP | |
| Amplify Junior Silver Miners ETF | 0.63 | 0.54 | 0.51 | 54 | Silver, Commodity Producers Equities, Precious Metals | TRX vs SILJ |
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 -0.21, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.21 | -0.03 | 0.07 | 82 | Energy | |
| Ameren Corporation | 0.03 | 0.08 | 0.07 | 64 | Utilities | |
| Tri Pointe Homes, Inc. | 0.06 | 0.07 | 0.07 | 79 | Consumer Cyclical | |
| Equinix, Inc. | 0.13 | 0.13 | 0.13 | 64 | Real Estate | |
| ImmunityBio, Inc. | 0.19 | 0.15 | 0.14 | 83 | Healthcare |
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