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
103 ETFs have low correlation with RACE (below 0.3), 10 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.17, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.06 | -0.04 | 100 | Government Bonds, Ultrashort Bond | RACE vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.05 | -0.01 | 100 | Government Bonds, Ultrashort Bond | RACE vs BIL | |
| iShares Global Energy ETF | -0.10 | 0.06 | 0.16 | 54 | Energy Equities | RACE vs IXC | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.01 | 0.00 | 100 | Ultrashort Bond | RACE vs SGOV | |
| Global X MLP & Energy Infrastructure ETF | -0.07 | 0.11 | 0.23 | 63 | MLPs | RACE vs MLPX |
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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 Exxon Mobil Corporation (XOM) (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 |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.15 | -0.01 | 0.08 | 75 | Energy | |
| ConocoPhillips Company | -0.14 | -0.02 | 0.08 | 66 | Energy | |
| Chevron Corporation | -0.13 | -0.01 | 0.08 | 72 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.07 | 0.05 | 0.09 | 76 | Energy | |
| Energy Transfer LP | -0.06 | 0.11 | 0.20 | 72 | 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