Looking to balance out your exposure to TXMD? The ETFs below have the lowest correlation with TXMD — they tend to move on their own, which can help reduce risk when TXMD drops. The stock ideas table highlights individual companies that behave independently from TXMD.
Best Diversifiers for TXMD
2 ETFs have low correlation with TXMD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.10 | 0.20 | 0.24 | 66 | S&P 500 | TXMD vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.23 | 0.22 | 91 | Dividend | TXMD vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TXMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TXMD and solid risk/return profiles. The least correlated is Corcept Therapeutics Incorporated (CORT) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corcept Therapeutics Incorporated | 0.08 | 0.11 | 0.14 | 58 | Healthcare |
Build a portfolio that complements TXMD
Add TXMD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TXMD