Looking to balance out your exposure to TX? The ETFs below have historically moved differently from TX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TX
0 ETFs have low correlation with TX (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 0.41, roughly unchanged from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.35 | 0.41 | 67 | S&P 500 | TX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.16, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| STAG Industrial, Inc. | 0.16 | 0.24 | 0.26 | 70 | Real Estate | |
| Companhia Energética de Minas Gerais | 0.36 | 0.29 | 0.30 | 75 | Utilities | |
| Tenaris S.A. | 0.38 | 0.39 | 0.44 | 94 | Energy | |
| Smurfit WestRock PLC | 0.43 | 0.42 | 0.42 | 50 | Consumer Cyclical | |
| Reliance Steel & Aluminum Co. | 0.55 | 0.45 | 0.49 | 85 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TX
Add TX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TX