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
106 ETFs have low correlation with RACE (below 0.3), 14 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 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | RACE vs USFR | |
| Vanguard Energy ETF | -0.16 | 0.01 | 0.13 | 60 | Energy Equities | RACE vs VDE | |
| State Street Energy Select Sector SPDR ETF | -0.16 | -0.00 | 0.12 | 59 | Energy Equities | RACE vs XLE | |
| Fidelity MSCI Energy Index ETF | -0.16 | 0.01 | 0.13 | 60 | Energy Equities | RACE vs FENY | |
| Invesco DB Commodity Index Tracking Fund | -0.14 | -0.04 | 0.06 | 56 | Commodities | RACE vs DBC |
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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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.23, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.23 | -0.04 | 0.10 | 76 | Energy | |
| ConocoPhillips Company | -0.16 | -0.04 | 0.07 | 69 | Energy | |
| Exxon Mobil Corporation | -0.15 | -0.03 | 0.07 | 78 | Energy | |
| Chevron Corporation | -0.15 | -0.03 | 0.08 | 74 | Energy | |
| Occidental Petroleum Corporation | -0.15 | -0.03 | 0.10 | 67 | Energy |
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Build a portfolio that complements RACE
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