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 SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.08 | -0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | TXRH vs BIL | |
| Invesco NASDAQ 100 ETF | 0.09 | 0.28 | 0.37 | 60 | Nasdaq-100 | TXRH vs QQQM | |
| Invesco QQQ ETF | 0.09 | 0.28 | 0.38 | 59 | Nasdaq-100 | TXRH vs QQQ | |
| VanEck Semiconductor ETF | 0.13 | 0.24 | 0.33 | 94 | Semiconductors, Technology Equities | TXRH vs SMH | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.34 | 0.42 | 59 | 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 Cloudflare, Inc. (NET) (Technology) with a 1Y correlation of -0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cloudflare, Inc. | -0.13 | 0.12 | 0.24 | 55 | Technology | |
| CrowdStrike Holdings, Inc. | -0.10 | 0.14 | 0.25 | 65 | Technology | |
| ConocoPhillips Company | -0.09 | 0.01 | 0.08 | 65 | Energy | |
| Chevron Corporation | -0.09 | 0.05 | 0.12 | 70 | Energy | |
| Palo Alto Networks, Inc. | -0.06 | 0.14 | 0.21 | 69 | Technology |
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