Looking to balance out your exposure to TXT? The ETFs below have the lowest correlation with TXT — they tend to move on their own, which can help reduce risk when TXT drops. The stock ideas table highlights individual companies that behave independently from TXT.
Best Diversifiers for TXT
0 ETFs have low correlation with TXT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.40, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.48 | 0.61 | 70 | S&P 500 | TXT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.48 | 0.61 | 70 | S&P 500 | TXT vs SPY | |
| Vanguard Total Stock Market ETF | 0.43 | 0.51 | 0.63 | 68 | Large Cap Blend Equities | TXT vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TXT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TXT and solid risk/return profiles. The least correlated is Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of 0.19, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | 0.19 | 0.24 | 0.38 | 96 | Technology | |
| Kratos Defense & Security Solutions, Inc. | 0.26 | 0.36 | 0.43 | 60 | Industrials | |
| BWX Technologies, Inc. | 0.26 | 0.36 | 0.45 | 70 | Industrials | |
| Sumitomo Mitsui Financial Group, Inc. | 0.29 | 0.28 | 0.34 | 82 | Financial Services | |
| General Electric Company | 0.31 | 0.39 | 0.51 | 65 | Industrials |
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