Looking to balance out your exposure to RAND? The ETFs below have the lowest correlation with RAND — they tend to move on their own, which can help reduce risk when RAND drops. The stock ideas table highlights individual companies that behave independently from RAND.
Best Diversifiers for RAND
2 ETFs have low correlation with RAND (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.01 | 0.05 | 0.05 | 70 | S&P 500 | RAND vs VOO | |
| State Street SPDR S&P 500 ETF | -0.01 | 0.05 | 0.05 | 70 | S&P 500 | RAND vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RAND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RAND and solid risk/return profiles. The least correlated is Trinity Capital Inc. (TRIN) (Financial Services) with a 1Y correlation of -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Trinity Capital Inc. | -0.08 | 0.06 | 0.03 | 80 | Financial Services | |
| Capital Southwest Corporation | -0.05 | 0.06 | 0.04 | 76 | Financial Services |
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