Looking to balance out your exposure to TX? The ETFs below have the lowest correlation with TX — they tend to move on their own, which can help reduce risk when TX drops. The stock ideas table highlights individual companies that behave independently from TX.
Best Diversifiers for TX
0 ETFs have low correlation with TX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.35, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.35 | 0.30 | 0.34 | 74 | Nasdaq-100 | TX vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.35 | 0.41 | 74 | S&P 500 | TX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TX and solid risk/return profiles. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| STAG Industrial, Inc. | 0.21 | 0.26 | 0.26 | 50 | Real Estate | |
| Companhia Energética de Minas Gerais | 0.33 | 0.28 | 0.29 | 67 | Utilities | |
| Tenaris S.A. | 0.36 | 0.39 | 0.43 | 95 | Energy | |
| Nucor Corporation | 0.57 | 0.50 | 0.56 | 96 | Basic Materials | |
| Rio Tinto Group | 0.58 | 0.55 | 0.59 | 94 | Basic Materials |
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