Looking to balance out your exposure to TXN? The ETFs below have the lowest correlation with TXN — they tend to move on their own, which can help reduce risk when TXN drops. The stock ideas table highlights individual companies that behave independently from TXN.
Best Diversifiers for TXN
55 ETFs have low correlation with TXN (below 0.3), 8 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.13 | -0.13 | -0.20 | 50 | Currency | TXN vs UUP | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.04 | -0.02 | 100 | Ultrashort Bond | TXN vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | TXN vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.07 | -0.01 | 100 | Government Bonds, Ultrashort Bond | TXN vs BIL | |
| F/m US Treasury 3 Month Bill ETF | -0.04 | 0.01 | — | 100 | Ultrashort Bond | TXN vs TBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TXN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TXN and solid risk/return profiles. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.09, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.09 | -0.05 | 0.06 | 53 | Healthcare | |
| Chubb Limited | -0.09 | -0.00 | 0.14 | 84 | Financial Services | |
| Altria Group, Inc. | -0.08 | 0.00 | 0.09 | 76 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.04 | 0.03 | 0.15 | 63 | Financial Services | |
| AppLovin Corporation | -0.03 | 0.18 | 0.30 | 68 | Communication Services |
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