Looking to balance out your exposure to TVTX? The ETFs below have the lowest correlation with TVTX — they tend to move on their own, which can help reduce risk when TVTX drops. The stock ideas table highlights individual companies that behave independently from TVTX.
Best Diversifiers for TVTX
0 ETFs have low correlation with TVTX (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Biotech ETF (XBI) (Health & Biotech Equities) with a 1Y correlation of 0.57, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.57 | 0.57 | 0.59 | 92 | Health & Biotech Equities | TVTX vs XBI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TVTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TVTX and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | 0.02 | 0.09 | 0.09 | 61 | Energy | |
| TechnipFMC plc | 0.04 | 0.11 | 0.13 | 94 | Energy | |
| Cisco Systems, Inc. | 0.04 | 0.16 | 0.20 | 93 | Technology | |
| Welltower Inc. | 0.04 | 0.11 | 0.17 | 87 | Real Estate | |
| Centene Corporation | 0.04 | 0.01 | 0.09 | 52 | Healthcare |
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