Looking to balance out your exposure to RACE? The ETFs below have the lowest correlation with RACE — they tend to move on their own, which can help reduce risk when RACE drops. The stock ideas table highlights individual companies that behave independently from RACE.
Best Diversifiers for RACE
139 ETFs have low correlation with RACE (below 0.3), 17 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.21 | -0.09 | 0.01 | 66 | Oil & Gas | RACE vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.21 | -0.08 | 0.03 | 54 | Leveraged Commodities | RACE vs UCO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | -0.04 | 0.07 | 76 | Commodities | RACE vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.17 | -0.03 | 0.08 | 76 | Commodities | RACE vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | RACE vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RACE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RACE and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.15, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.15 | -0.02 | 0.08 | 78 | Energy | |
| Exxon Mobil Corporation | -0.13 | -0.01 | 0.08 | 86 | Energy | |
| Chevron Corporation | -0.11 | -0.00 | 0.09 | 84 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.09 | 0.05 | 0.09 | 88 | Energy | |
| Energy Transfer LP | -0.06 | 0.12 | 0.21 | 74 | Energy |
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Build a portfolio that complements RACE
Add RACE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RACE