Looking to balance out your exposure to RAMP? The ETFs below have the lowest correlation with RAMP — they tend to move on their own, which can help reduce risk when RAMP drops. The stock ideas table highlights individual companies that behave independently from RAMP.
Best Diversifiers for RAMP
2 ETFs have low correlation with RAMP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Dividend Appreciation ETF (VIG) (Dividend) with a 1Y correlation of 0.26, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Dividend Appreciation ETF | 0.26 | 0.38 | 0.44 | 68 | Dividend | RAMP vs VIG | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.43 | 0.51 | 65 | S&P 500 | RAMP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RAMP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RAMP and solid risk/return profiles. The least correlated is nVent Electric plc (NVT) (Industrials) with a 1Y correlation of -0.05, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| nVent Electric plc | -0.05 | 0.22 | 0.30 | 94 | Industrials | |
| Telefônica Brasil S.A. | -0.03 | 0.07 | 0.11 | 72 | Communication Services | |
| Micron Technology, Inc. | -0.02 | 0.17 | 0.27 | 99 | Technology | |
| The Vita Coco Company, Inc. | -0.02 | 0.13 | 0.20 | 88 | Consumer Defensive | |
| First Solar, Inc. | -0.00 | 0.11 | 0.21 | 61 | Technology |
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