Looking to diversify beyond RACK? The ETFs below have historically moved differently from RACK, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for RACK
0 ETFs have low correlation with RACK (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) (Infrastructure Equities) with a 1Y correlation of 0.91, roughly unchanged from 0.91 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | 0.91 | 0.91 | 0.91 | 53 | Infrastructure Equities, Alternative Energy Equities, Energy Equities | RACK vs GRID | |
| Goldman Sachs Future Tech Leaders Equity ETF | 0.92 | 0.92 | 0.92 | 75 | Technology Equities | RACK vs GTEK | |
| Invesco S&P 500 Momentum ETF | 0.96 | 0.96 | 0.96 | 51 | Momentum, S&P 500 | RACK vs SPMO | |
| Amplify Bloomberg AI Value Chain ETF | 0.97 | 0.97 | 0.97 | 90 | Technology Equities | RACK vs AIVC |
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