Looking to balance out your exposure to TXN? The ETFs below have historically moved differently from TXN, 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 TXN
68 ETFs have low correlation with TXN (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.16, roughly unchanged from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.16 | -0.13 | -0.20 | 63 | Currency | TXN vs UUP | |
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.05 | -0.03 | 100 | Ultrashort Bond | TXN vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.06 | -0.05 | 100 | Government Bonds, Ultrashort Bond | TXN vs USFR | |
| United States Oil Fund LP | -0.09 | -0.01 | 0.06 | 58 | Oil & Gas | TXN vs USO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.07 | -0.01 | 100 | Government Bonds, Ultrashort Bond | TXN vs BIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TXN, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.17, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.17 | -0.02 | 0.12 | 90 | Financial Services | |
| Altria Group, Inc. | -0.13 | -0.02 | 0.07 | 79 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.12 | 0.00 | 0.13 | 69 | Financial Services | |
| Duke Energy Corporation | -0.10 | -0.00 | 0.07 | 66 | Utilities | |
| Waste Management, Inc. | -0.10 | 0.04 | 0.16 | 53 | Industrials |
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