Looking to balance out your exposure to TXG? The ETFs below have the lowest correlation with TXG — they tend to move on their own, which can help reduce risk when TXG drops. The stock ideas table highlights individual companies that behave independently from TXG.
Best Diversifiers for TXG
0 ETFs have low correlation with TXG (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus LifeSci Biotech Products ETF (BBP) (Health & Biotech Equities) with a 1Y correlation of 0.37, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus LifeSci Biotech Products ETF | 0.37 | 0.45 | 0.51 | 65 | Health & Biotech Equities | TXG vs BBP | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.43 | 0.48 | 70 | S&P 500 | TXG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TXG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TXG and solid risk/return profiles. The least correlated is Sabra Health Care REIT, Inc. (SBRA) (Real Estate) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sabra Health Care REIT, Inc. | -0.07 | 0.09 | 0.18 | 54 | Real Estate | |
| Welltower Inc. | -0.03 | 0.10 | 0.19 | 79 | Real Estate | |
| Apple Inc | 0.18 | 0.23 | 0.34 | 89 | Technology | |
| Cloudflare, Inc. | 0.19 | 0.32 | 0.45 | 67 | Technology | |
| Symbotic Inc | 0.28 | 0.33 | 0.24 | 64 | Industrials |
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