Looking to balance out your exposure to TXRH? The ETFs below have the lowest correlation with TXRH — they tend to move on their own, which can help reduce risk when TXRH drops. The stock ideas table highlights individual companies that behave independently from TXRH.
Best Diversifiers for TXRH
11 ETFs have low correlation with TXRH (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.07, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.07 | 0.27 | 0.37 | 54 | Nasdaq-100 | TXRH vs QQQM | |
| Invesco QQQ ETF | 0.07 | 0.26 | 0.37 | 53 | Nasdaq-100 | TXRH vs QQQ | |
| VanEck Semiconductor ETF | 0.09 | 0.22 | 0.32 | 90 | Semiconductors, Technology Equities | TXRH vs SMH | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.11 | -0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | TXRH vs BIL | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.32 | 0.41 | 65 | S&P 500 | TXRH vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TXRH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TXRH and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.12 | 0.00 | 0.07 | 69 | Energy | |
| Cloudflare, Inc. | -0.12 | 0.11 | 0.23 | 67 | Technology | |
| Exxon Mobil Corporation | -0.10 | 0.04 | 0.10 | 78 | Energy | |
| Chevron Corporation | -0.10 | 0.05 | 0.11 | 74 | Energy | |
| CrowdStrike Holdings, Inc. | -0.09 | 0.13 | 0.24 | 81 | Technology |
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