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
12 ETFs have low correlation with TXRH (below 0.3), 1 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.02 | 0.14 | 0.14 | 52 | Derivative Income, Options Trading | TXRH vs NVDY | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.03 | -0.04 | 0.00 | 100 | Government Bonds, Ultrashort Bond | TXRH vs BIL | |
| Vanguard S&P 500 Growth ETF | 0.09 | 0.28 | 0.37 | 58 | S&P 500, Large Cap Growth Equities | TXRH vs VOOG | |
| Invesco NASDAQ 100 ETF | 0.12 | 0.29 | 0.38 | 74 | Nasdaq-100 | TXRH vs QQQM | |
| Invesco QQQ ETF | 0.12 | 0.29 | 0.38 | 73 | Nasdaq-100 | TXRH vs QQQ |
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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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.12, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.12 | 0.13 | 0.24 | 70 | Technology | |
| Cloudflare, Inc. | -0.11 | 0.13 | 0.24 | 67 | Technology | |
| Oracle Corporation | -0.09 | 0.15 | 0.24 | 58 | Technology | |
| ConocoPhillips Company | -0.07 | 0.02 | 0.09 | 76 | Energy | |
| Palo Alto Networks, Inc. | -0.07 | 0.14 | 0.21 | 67 | Technology |
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